Market News
Milk futures push past $23, cash dairy mixed
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 $2.70.
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.
