Market News

Milk futures lower, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange traded lower as a run up in grain markets continues to pressure prices. 

May Class III milk down 25 cents at $18.90. June down 75 cents at $19.01. July down 62 cents at $19.24. August down 40 cents at $19.41. September through November contracts seven to 17 cents lower.

Dry whey unchanged at $0.6475.   

Blocks down $0.0425 at $1.76.  Three trades were made from $1.76 to $1.7975.   

Barrels down $0.07 at $1.7750.  One trade was made at $1.8225. 

Butter up $0.0125 at $1.7475.  Four trades were made from $1.7350 to $1.75. 

Nonfat dry milk down $0.0125 at $1.3450.  Five sales were made from $1.3450 to $1.35.