Class III milk futures at the Chicago Mercantile Exchange were mostly higher, with the most active months seeing a slight bounce from the recent losses. January was up $.01 at $16.75, February was $.01 higher at $16.58, March was up $.06 at $17.04, and April was $.06 higher at $17.34.
Cash cheese blocks were up $.005 at $1.645. The last unfilled bid was on one load at $1.645. Barrels were down $.0125 at $1.4475. There was one load sold at $1.4475, along with one at $1.45. The last unfiled bid was on one load at $1.42. The last uncovered offer was for one load at $1.46.
Butter was $.0125 lower at $2.185. There was one load sold at $2.18. The last unfilled bid was on one load at $2.185. The last uncovered offer was for one load at $2.20.
Nonfat dry milk was down $.05 at $.935. There were a total of four loads sold, two at $.96, one at $.95, and one at $.935. The last unfilled bid was on one load at $.93. The last uncovered offer was for one load at $.9425.
California’s Department of Food and Agriculture reports nonfat dry milk for the week ending January 20th was $1.0037 per pound, up $.0047 on the week and the eighth week in a row with a gain. Sales of 7,949,315 tons were 1,939,571 higher
Source: Brownfield Ag News
