Milk futures mostly higher, cash dairy mixed
November 19, 2019 By Nicole Heslip Filed Under: Closing Futures / Livestock Briefs, Dairy Markets, Dairy Markets, Market News
Milk futures on the Chicago Mercantile Exchange turned mostly higher Tuesday supported by strong global trade.
November Class III milk up a penny at
$20.32. December down eight cents at $18.39. January a nickel higher at $17.93. February up ten cents at $17.42. March through June contracts three to 11
Dry whey unchanged at $0.3325.
Blocks down $0.03 at $1.8375. Three trades were made at $1.8375 and $1.84.
Barrels down $0.0050 at $2.15. One trade was made at that price.
Butter down $0.01 at $2.0650. Three trades were made ranging from $2.05 to
Nonfat dry milk up $0.0175 at $1.2350.
Five trades were made ranging from $1.23 to $1.2350.
Dairy Trade auction index in New Zealand traded nearly two percent higher. The index
increased to $3,481 per ton. Rennet casein had the largest gain, up almost six
percent, followed by skim milk powder and cheddar. Anhydrous milkfat and butter
were the only products to post losses.
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