In Class III trade at the Chicago Mercantile Exchange, milk futures were supported by the higher move in the Global Dairy Trade index. November was up $.02 at $16.70, December was $.11 higher at $16.44, January was up $.14 at $15.99, and February was $.09 higher at $16.00.
Cash cheese blocks were unchanged at $1.885. Barrels were down a quarter cent at $1.7025. There were two loads sold at $1.7025 along with three at $1.705. The last uncovered offer was for one load at $1.705.
Butter was $.01 lower at $1.98. There were a total of ten loads sold, six at $1.98. The last unfilled bid was on one load at $1.975. The last uncovered offer was for one load at $1.99.
Nonfat dry milk was up $.015 at $.8925. There were six loads sold, one at $.8925 and five at $.89. The last unfilled bid was on two loads at $.8925.
The Global Dairy Trade Auction index was up 4.5% at an average of $3,519 per ton. All sectors were higher, including a 13.3% jump in butter milk powder and an 11% rise in cheddar. The next auction is scheduled for Tuesday, December 6th.
Source: Brownfield Ag News
