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CME Milk Futures on the Rise

On the Chicago Mercantile Exchange, milk futures were mostly higher, while cash dairy prices were mixed.

March Class III milk was $0.03 higher at $17.78. April was $0.09 higher at $17.62. May was $0.07 higher at $17.90. June’s price was down $0.02 to $18.31. Contracts from July to January ranged from two cents lower in September to three cents higher in July, with many months recording no price change.

The price of dry whey remained unchanged at $0.4450. There were no sales recorded.

Cheese blocks fell $0.0350 to $1.9150. There were two sales at $1.8850 and $1.9150.

Cheese barrels increased $0.0625 to $1.6375. There were eight sales ranging from $1.5950 to $1.6375.

Butter remained unchanged at $2.3450, and no sales were reported, as on Friday.

The price of nonfat dry milk remained unchanged at $1.1775. There were no sales recorded.

(T1, D1)
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