Market News

Milk futures mostly lower, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange closed Monday mostly lower while trying to find a new trading range, butter saw strong support.

February Class III milk up a penny at $15.64.  March down 10 cents at $16.12.  April two cents lower at $17.41.  May down nine cents at $17.66.  June through August contracts a nickel lower to unchanged.

Dry whey unchanged at $0.5575.  One sale was made at that price.

Blocks up $0.0075 at $1.6250.  Four sales were made ranging from $1.6175 to $1.6250.

Barrels unchanged at $1.42.  One sale was made at that price.

Butter up $0.1650 at $1.6350.  Three trades were made ranging from $1.63 to $1.65.

Nonfat dry milk up $0.01 at $1.1425.  Sixteen trades were made at $1.1350 to $1.1425.