The Chicago Mercantile Exchange’s milk futures concluded the week mainly higher, with mixed cash activity.
February Class III milk is $17.94, down two cents. The March contract is 13 cents higher at $18.06. April is up a penny to $18.39. May is up a cent to $18.77. Contracts are six to ten cents higher from June to August.
Dry whey is constant at $0.4250.
Blocks are $0.01 lower at $1.8625. At that price, one deal was completed.
Barrels are trading at $1.5750, up $0.0050. There were four transactions ranging from $1.5750 to $1.5775.
Butter up for $0.0050 $2.4725.
Nonfat dried milk increased $0.0225 to $1.2650. There were two deals at $1.25 and $1.2650.
(T1, D1)
