Class III milk futures at the Chicago Mercantile Exchange were mixed ahead of Wednesday’s USDA supply and demand report. May was down $.03 at $15.52, June was up $.01 at $15.87, July was $.03 lower at $16.30, and August was down $.05 at $16.69.
Cash cheese blocks were unchanged at $1.59. The last uncovered offer was for one load at $1.59. Barrels were $.01 higher at $1.46. 10 loads were sold, including three at $1.46. The last unfilled bid was on two load at $1.455. The last uncovered offer was for one load at $1.4675.
Butter was $.0225 lower at $2.105. Nine loads were sold, including one at $2.105. The last unfilled bid was on one load, also at $2.105. The last uncovered offer was for one load at $2.1075.
Nonfat dry milk was up $.0075 at $.8575. Five loads were sold, including two at $.8575. The last unfilled bid was on two loads at $.8575. The last uncovered offer was for 10 loads at $.895.
Cooperatives Working Together accepted seven requests for export assistance from member coops covering 1 million pounds of Cheddar and Monterey Jack cheeses and 440,525 pounds of butter. The products are headed to Asia and the Middle East with delivery slated for May through August.
Source: Brownfield Ag News