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Milk futures, cash dairy mostly lower

Friday, June 2nd, 2017

Class III milk futures at the Chicago Mercantile Exchange were mixed with the most active months down on profit taking. June was $.04 lower at $16.66, July was down $.14 at $17.12, August was $.17 lower at $17.35, and September was down $.13 at $17.42.

Cash cheese blocks were $.0075 lower at $1.7375. One load was sold at $1.7475. The last uncovered offer was for one load at $1.7375. Barrels were down $.0125 at $1.5325. The last unfilled bid was on two loads at $1.51. The last uncovered offer was for one load at $1.5325.

Butter was unchanged at $2.41. Three loads were sold, two at $2.41 and one at $2.42. The last unfilled bid was on one load at $2.41. The last uncovered offer was for one load at $2.4125.

Nonfat dry milk was down $.005 at $.95. Four loads were sold, including two at $.95. The last unfilled bid was on one load, also at $.95. The last uncovered offer was for one load at $.96.

Source: Brownfield Ag News

(T1, D1)

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