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Milk futures lower, cash dairy mixed

Wednesday, November 9th, 2016

Breaking News ScreenIn Class III trade at the Chicago Mercantile Exchange, milk futures were pressured by profit taking ahead of the new USDA supply and demand numbers Wednesday. November was down $.18 at $16.79, December was $.26 lower at $16.46, January was down $.24 at $15.83, and February was $.27 lower at $15.82.

Cash cheese blocks were up $.0025 at $1.9325. There were three loads sold, one at $1.93 and two at $1.92. The last uncovered offer was for one load at $1.9325.

Barrels held at $1.86. There were a total of seven loads sold, including three at $1.86. The last uncovered offer was for one load, also at $1.86.

Butter was $.0025 lower at $1.90 with one load sold.

Nonfat dry milk was $.0175 higher at $.8775. There were two trades, one each at $.8625 and $.875. The last unfilled bid was on one load at $.8775. The last uncovered offer was for two loads at $.885.

Source: Brownfield Ag News

(T1, D1)

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