Milk futures up, cash dairy mostly steady to firm
Chicago Mercantile Exchange Class III milk futures were higher ahead of Thursday’s USDA supply and demand report. December was up $.05 at $18.76 and January gained $.24 to $19.78, while February was $.13 higher at $19.84 and March was up $.09 at $19.62.
Cash cheese barrels were up $.0125 at $1.6925 and blocks were steady at $1.8425. AA butter was $.0025 lower at $2.0575, Grade A nonfat dry milk was $.0025 higher at $1.57, and Extra Grade dry whey held at $.6975.