Market News
Milk futures higher, cash dairy mixed
Milk futures on the Chicago Mercantile began March with a new leaf, seeing higher movement as traders take back losses from coronavirus fears.
March Class III milk up six cents at $16.37. April up 11 cents at $16.28. May 11 cents higher at $16.38. June up 15 cents at $16.57. July through October contracts seven to 14 cents higher.
Dry whey down $0.0050 at $0.3350.
Blocks up $0.0450 at $1.7675. Three sales were made ranging from $1.75 to $1.7675.
Barrels down $0.0050 at $1.5850. Three trades were made at $1.5850 and $1.59.
Butter up $0.1050 at $1.83. Four sales were made at $1.82 and $1.83.
Nonfat dry milk up $0.0450 at $1.11. Six trades were made at $1.10 to $1.11.
