In Class III trade at the Chicago Mercantile Exchange, milk futures were higher, with an eye towards a seasonal decline in production. June was up $.11 at $12.60, July was $.24 higher at $13.19, August was up $.20 at $13.87, and September was $.07 higher at $14.54.
Over in the spot market, cash cheese was higher. Barrels were up $.0325 at $1.3925. The last bid unfilled was on one load at that price. Blocks were $.02 higher at $1.34. There were a total of five loads sold, including one at the closing price.
Butter was $.01 lower at $2.08. One sale was reported at $2.05. The last bid unfilled was on one load at $2.08. The last offer uncovered was for one load at $2.09.
Nonfat dry milk was down $.0175 at $.7825 with two loads sold, including one at that price. The last bid unfilled was on two loads at $.78. The last offer uncovered was for one load at $.79.
Source: Brownfield Ag News
