Class III milk futures at the Chicago Mercantile Exchange were down, pressured by the January milk production numbers and follow through selling. February was $.02 lower at $16.85, March was down $.19 at $16.38, April was $.09 lower at $16.58, and May was down $.01 at $16.76.
Cash cheese blocks were $.02 lower at $1.51. There were a total of four loads sold, including one at $1.51. The last unfilled bid was on one load at $1.5075. The last uncovered offer was for one load at $1.52. Barrels were down $.03 at $1.57. The last uncovered offer was for one load at $1.57.
Butter was $.0225 lower at $2.1175. There was one load sold at $2.1175.
Nonfat dry milk was down $.005 at $.87. There was one load sold at $.87. The last unfilled bid was on one load at $.855. The last uncovered offer was for one load at $.87.
Source: Brownfield Ag News