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Milk futures mostly higher, cash cheese steady


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


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