meta Milk Futures and Cheese Steady in Chicago Wednesday | The Bullvine
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Milk Futures and Cheese Steady in Chicago Wednesday

Thursday, May 10th, 2018

At the Chicago Mercantile Exchange, Wednesday,  Class III milk futures were firm to higher, with traders squaring up positions ahead of Thursday’s USDA supply and demand numbers. May was up $.02 at $15.27, June jumped $.17 to $16.03, July gained $.08 at $16.26, and August was $.12 higher at $16.64.

Cash cheese blocks were unchanged at $1.7025, with the last uncovered offer for one load at $1.725, and barrels held at $1.65, with the last uncovered offer for one load at $1.655. Nonfat dry milk was $.03 lower at $83. Three loads were sold, including one at $.83. The last unfilled bid was on one load at $.825, while the last uncovered offer was for one load at $.8325. Butter was $.0425 higher at $2.345. A total of 12 loads were sold, including two at the closing price. The last unfilled bid was on one load at $2.3425 and the last uncovered offer was for one load at $2.355. Dry whey was steady at $.32. The last unfilled bid was on one load at $.32 and the last uncovered offer was for one load at $.33.

(T1, D1)

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