Milk futures push past $23, cash dairy mixed
July 6, 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 Monday as strong block cheese demand continues to drive markets.
July Class III milk 28 cents higher at
$23.25. August up 69 cents at $21.64.
September 34 cents higher at $19.15.
October 26 cents higher at $18.00.
November through January contracts 10 to 18 cents higher.
Dry whey down $0.0175 at $0.3125.
Blocks up $0.0250 at $2.70. Five trades were made ranging from $2.6950 to
Barrels down $0.0450 at $2.37. Two trades were made at $2.37 and $2.39.
Butter up $0.0075 at $1.7450.
Nonfat dry milk up $0.0025 at $1.0125.
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