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Milk Futures Spring Up In Chicago Thursday


On the Chicago Mercantile Exchange Thursday, Milk futures, cheese, and whey prices were up. March added 9 cents to its price and closed at $15.03 per cwt. April-July fared the best, jumping 11-23 cents. The 2ndquarter of 2019 is offering producers $15.50 cents per cwt, the highest we have seen in that period of time since mid-January. August through December prices increased 2-5 cents and the 2ndhalf settled at a price of $16.29 per cwt. Class IV markets ranged from 2 cents lower to 3 cents higher.

Dry whey was up $.0125 at  $.3225 cents per pound. Six sales were recorded from $.31 to $.3225. Forty-pound blocks were unchanged at $1.5825 per pound.  No sales were recorded. Barrels were up $.02 at $1.5650 per pound.  Eleven sales were recorded from $1.5450 to $1.5650. Grade AA Butter was unchanged at $2.2850 per pound.  No sales were recorded. Nonfat dry milk was unchanged at $.9575 per pound.  No sales were recorded.


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