Milk futures, cash dairy mostly mixed

Market News

Milk futures, cash dairy mostly mixed

Milk futures on the Chicago Mercantile Exchange started the week mostly higher correcting some oversold positions follow last week’s slide. 

May Class III milk up four cents at $18.86.  June down seven cents at $18.82.  July up a penny at $19.20.  August up four cents at $19.36.  September through November contracts four to six cents higher. 

Dry whey unchanged at $0.6275.   

Blocks up $0.02 at $1.7675.  Three trades were made from $1.75 to $1.7675.   

Barrels down $0.0375 at $1.6950.  Six trades were made from $1.6850 to $1.71. 

Butter up $0.0125 at $1.7825.  One trade was made at $1.7725. 

Nonfat dry milk unchanged at $1.3225.  Two trades were made at that price.