meta Milk futures, cash cheese continue to move lower | The Bullvine
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Milk futures, cash cheese continue to move lower

Friday, April 7th, 2017

Class III milk futures at the Chicago Mercantile Exchange were down on follow through selling, the recent lower cash cheese trade, and demand uncertainties. April was $.18 lower at $15.14, May was down $.23 at $15.13, June was $.31 lower at $15.39, and July was down $.26 at $16.02.

Cash cheese blocks were $.02 lower at $1.48. The last uncovered offer was for one load at $1.48. Barrels were down $.0225 at $1.4375. There were a total of 10 loads sold, seven at $1.4575 and three at $1.45. The last uncovered offer was for one load at $1.435.

Butter was $.025 lower at $2.12. The last unfilled bid was on one load at $2.10. The last uncovered offer was for one load at $2.12.

Nonfat dry milk held at $.80. The last unfilled bid was on three loads at $.80. The last uncovered offer was for five loads at $.82.

Source: Brownfield Ag News

(T5, D1)

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