meta Cash Markets Drive Milk Markets Higher in Chicago Thursday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Cash Markets Drive Milk Markets Higher in Chicago Thursday


On the Chicago Mercantile Exchange  milk futures closed higher Thursday following strength in the cash market. Class III milk markets followed product and ended slightly higher. June jumped 10 cents, July 7 and August through December closed even to 3 cents stronger. Class IV markets were even to a penny higher in July and January 2020. 

Cheddar blocks added 2 1/4 cents on three uncovered bids to $1.74 3/4 per pound. Barrels added 2 cents to $1.52 following six loads moving from seller to buyer. Dried whey gained 2 cents to 36 3/4 cents on one trade and three bids. Butter unchanged at $2.3875. Four trades were made ranging from $2.38 to $2.39. Nonfat dry milk unchanged at $1.0550. Two trades were made at $1.0475 and $1.0550.


Send this to a friend