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Milk futures lower, cash dairy mixed

Tuesday, February 7th, 2017

Class III milk futures at the Chicago Mercantile Exchange were lower, following through on Friday’s losses. February was down $.08 at $16.79, March was $.27 lower at $16.92, April was down $.22 at $17.04, and May was $.16 lower at $17.15.

Cash cheese blocks were four cents lower at $1.70. There were three loads sold, two at $1.70 and one at $1.72. The last uncovered offer was for one load at $1.70. Barrels were $.0025 higher at $1.71. There were four loads sold, one at $1.71 and three at $1.7075.

Butter was unchanged at $2.1575. The last unfilled bid was on one load at $2.13.

Nonfat dry milk held at $.94. The last unfilled bid was on two loads at $.925. The last uncovered offer was for one load at $.965.

Source: Brownfield Ag News

(T4, D1)

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