Milk futures higher, cash dairy mostly lower
July 31, 2020 By Nicole Heslip Filed Under: Closing Futures / Livestock Briefs, Dairy Markets, Dairy Markets, Market News
Milk futures on the Chicago Mercantile Exchange closed higher Friday ahead of a positive ag price report despite mostly lower cash trade.
July Class III milk up a penny at $24.55. August up 23 cents at $21.03. September 16 cents higher at $18.92. October 17 cents higher at $17.99. November through January contracts 14 to 22 cents higher.
Dry whey up $0.0025 at $0.3425. Four sales were made ranging from $0.3325 to $0.3425.
Blocks down $0.0425 at $2.2525. Three sales were made at $2.2575 and $2.29.
Barrels down $0.1250 at $2.2350. Three trades were made ranging from $2.24 to $2.3250.
Butter unchanged at $1.6075. Five trades were made ranging from $1.60 to $1.6150.
Nonfat dry milk down $0.0125 at $0.9775. One sale was made at that price.
The USDA’s dairy index for June 2020 was up 33% from May but unchanged from June 2019.
The all milk price was $18.10 per hundredweight, $4.50 higher than the previous month and steady with last year.
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