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Milk futures, cash dairy mostly lower

Tuesday, June 6th, 2017

Class III milk futures at the Chicago Mercantile Exchange were mixed on spread adjustments. June was down $.08 at $16.44, July was $.09 lower at $16.86, August was down $.01 at $17.17, and September was up $.02 at $17.35.

Cash cheese blocks were $.035 lower at $1.665. Four loads were sold, including one at $1.665. The last uncovered offer was for one load, also at $1.665. Barrels were down $.0325 at $1.4575. Nine loads were sold, seven at $1.46 and two at $1.47. The last uncovered offer was for two loads at $1.4575.

Butter was $.03 higher at $2.515. Nine loads were sold, including three at $2.51. The last unfilled bid was on one load at $2.515. The last uncovered offer was for two loads at $2.52.

Nonfat dry milk was $.0025 lower at $.945. Three loads were sold, including one at $.945. The last unfilled bid was one two loads at $.92. The last uncovered offer was for one load at $.945.

Source: Brownfield Ag News

(T4, D1)

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