At the Chicago Mercantile Exchange Class III milk futures were mixed, mostly lower, on long term demand uncertainties. Class III milk futures for December were up $.05 to $15.37. January milk was down $.21 closing at $14.28. February was $.22 lower at $14.34. March closed $.16 lower to $14.47. The milk futures markets saw losses for the every since June.
Cash cheese blocks were $.0425 lower at $1.52. Five loads were sold, including two at $1.53 and three at $1.52. Barrels were up $.0150 to $1.55. Eleven loads were sold, ranging from $1.5375 to $1.55. Butter was $.0250 lower at $2.19. Eight loads were sold, ranging from $2.1850 to $2.20. Nonfat dry milk was $.01 lower at $0.71.
Cooperatives Working Together recently announced the acceptance of 20 requests for export assistance from member co-ops, covering 3.351 million pounds of Cheddar, Gouda, and Monterey Jack cheeses, along with 55,116 pounds of butter. The products are headed to Asia, with delivery slated for December 2017 through February 2018.
