meta Milk futures are largely up, but cash dairy is divided. | The Bullvine

Milk futures are largely up, but cash dairy is divided.

Monday, February 13th, 2023

The Chicago Mercantile Exchange’s milk futures concluded the week mainly higher, with mixed cash activity.

February Class III milk is $17.94, down two cents. The March contract is 13 cents higher at $18.06. April is up a penny to $18.39. May is up a cent to $18.77. Contracts are six to ten cents higher from June to August.

Dry whey is constant at $0.4250.

Blocks are $0.01 lower at $1.8625. At that price, one deal was completed.

Barrels are trading at $1.5750, up $0.0050. There were four transactions ranging from $1.5750 to $1.5775.

Butter up for $0.0050 $2.4725.

Nonfat dried milk increased $0.0225 to $1.2650. There were two deals at $1.25 and $1.2650.

(T5, D2)

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