In Class III trade at the Chicago Mercantile Exchange, milk futures were mostly higher with the most active months supported by an oversold bounce. October was up $.03 at $14.71, November was $.21 higher at $15.25, December was up $.14 at $15.27, and January was $.10 higher at $15.42.
In the spot market, cash cheese was higher. Blocks were up $.035 at $1.585. The last unfilled bid was on one load at that price. Barrels were $.03 higher at $1.49. There were a total of four loads sold. The last unfilled bid was on one load at $1.49.
Butter was $.005 lower at $1.78. There were two loads sold at $1.78, along with one at $1.785. The last unfilled bid was on one load at $1.77.
Nonfat dry milk was up $.0125 at $.8825. There were two loads sold, both at $.87. The last unfilled bid was on one load at $.8825.
Source: Brownfield Ag News
