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Milk futures, cash dairy mixed

Wednesday, December 28th, 2016

In Class III trade at the Chicago Mercantile Exchange, milk futures were mixed in fairly light post-holiday and pre-holiday trade. December was unchanged at $17.38, January was down $.09 at $16.55, February was $.04 lower at $16.94, and March was up $.06 at $17.32.

Cash cheese was lower. Blocks were down $.02 at $1.67. The last uncovered offer was for one load at $1.67. Barrels were $.0225 lower at $1.5325. There were two trades, one at $1.555 and one at $1.54. The last uncovered offer was for one load at $1.5235.

Butter was $.10 higher at $2.3475. There were four trades reported, including one at $2.3475. The last uncovered offer was on one load at $2.37.

Nonfat dry milk was $.01 lower at $1.01. There were three trades, two at $1.02 and one at $1.01. The last unfilled bid was on five loads at $1.00. The last uncovered offer was for one load at $1.015.

Source: Brownfield Ag News

(T2, D1)

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