Class III milk futures at the Chicago Mercantile Exchange were supported by the recent lower USDA production estimate and increased cash dairy activity. May was up $.06 at $15.61, June was $.29 higher at $16.38, July was up $.40 at $16.89, and August was up $.36 at $17.20.
Cash cheese blocks were $.05 higher at $1.65. Seven loads were sold, including two at $1.65. The last unfilled bid was on one load at $1.6475. The last uncovered offer was for two loads at $1.66. Barrels were up $.10 at $1.56. 10 loads were sold, including one at $1.56 and four at $1.53. The last uncovered offer was on one load at $1.66.
Butter was $.11 higher at $2.24. Nine loads were sold, including three at $2.24. The last unfilled bid was on five loads at $2.22. The last uncovered offer was for one load at $2.24.
Nonfat dry milk was up $.005 at $.8625. Three loads were sold, one at $.8625 and two at $.87. The last unfilled bid was on one load at $.86. The last uncovered offer was for one load at $.8625.
Source: Brownfield Ag News
