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Milk futures down, cash dairy steady to lower

Tuesday, March 14th, 2017

Class III Milk futures at the Chicago Mercantile Exchange were down on follow through selling, along with expectations for high milk production levels and slow export demand. March was $.06 lower at $15.68, April was down $.10 at $15.51, May was $.12 lower at $15.64, and June was down $.03 at $16.07.

Cash cheese blocks were $.0175 lower at $1.3675. There were four loads sold, including one at $1.3675. The last uncovered offer was for one load at $1.37. Barrels held at one forty. The last uncovered offer was for one load at $1.40.

Butter was unchanged at $2.1625.

Nonfat dry milk was down $.0025 at $.8075. There were two loads sold, including one at $.8075. The last unfilled bid was on one load at $.805. The last uncovered offer was for two loads at $.81.

Source: Brownfield Ag News

(T2, D1)

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