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Milk Futures Mixed, Cash Cheese Steady

Tuesday, May 2nd, 2017

Class III milk futures at the Chicago Mercantile Exchange were mostly firm, squaring up for this week’s Global Dairy Trade event. May was down $.03 at $15.32, June was up $.01 at $15.48, July was $.04 higher at $16.02, and August was up $.05 at $16.44.

Cash cheese blocks were unchanged at $1.48. Barrels were steady at $1.4175. The last uncovered offer was for one load at $1.4175.

Butter was $.0125 lower at $2.0925. 22 loads were sold, including 12 at $2.0925 and nine at $2.095. The last unfilled bid was on one load at $2.0925. The last uncovered offer was for one load at $2.10.

Nonfat dry milk was down $.0076 at $.86. The last unfilled bid was on four loads at $.85. The last uncovered offer was for one load at $.86.

Source: Brownfield Ag News

(T1, D1)

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