Class III milk saw strength in the futures market on the Chicago Mercantile Exchange. May Class III milk futures up 45 cents to $11.25. June up 29 at $11.95. July through September contracts a penny to 14 cents higher. Class IV futures were also stronger. April resides at $11.42. May milk was up 20 cents to $10.25 per cwt. June gained 12 to $10.53 per cwt. September lost 1 to $11.51 per cwt. Second half 2020 prices are now averaging $12.18 per cwt.
Cash cheese enjoyed having a bid in the CME cash dairy product trade today. Blocks up $0.12 to $1.19. Barrels up $0.0425 at $1.0925. Dry whey unchanged at $0.3850. Butter steady at $1.1450. Nonfat dry milk unchanged at $0.81.
