In Class III trade at the Chicago Mercantile Exchange, milk futures were mostly higher on spread trade and follow through buying. January was steady at $16.62, February was up $.15 at $17.14, March was $.20 higher at $17.29, and April was up $.23 at $17.41.
Cash cheese blocks were unchanged at $1.67. Barrels held at $1.575. The last unfilled bid was on four loads at $1.565.
Butter was up $.08 at $2.30. There were a total of four trades, one at $2.26, two at $2.28, and one at $2.30. The last uncovered offer was for one load at $2.35.
Nonfat dry milk was down $.035 at $1.0175, backing down from the recent 15 month highs. There was one load sold at $1.02 and one at $1.0175. The last unfilled bid was on one load at $1.015. The last uncovered offer was for one load at $1.0275.
Source: Brownfield Ag News
