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Milk Futures Mixed, Cash Cheese Lower

Wednesday, January 25th, 2017

Class III milk futures at the Chicago Mercantile Exchange were mixed in consolidation trade. January was unchanged at $16.76, February was up $.04 at $16.70, March was down $.01 at $17.14, and April was $.01 higher at $17.50.

Cash cheese blocks were down $.01 at $1.64. The last uncovered offer was for one load at $1.64. Barrels were $.02 lower at $1.48. There were six loads sold, including two at $1.48. The last unfilled bid was on two loads, also at $1.48. The last uncovered offer was for one load at $1.50.

Butter was unchanged at $2.2175.

Nonfat dry milk was down $.015 at $.985. There were three loads sold, one each at $.995, $.99, and $.985. The last unfilled bid was on one load at $.985. The last uncovered offer was for one load at $.9875.

Source: Brownfield Ag News

(T3, D1)

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