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Milk Futures Mixed, Cash Dairy Lower

Tuesday, January 31st, 2017

Class III milk futures at the Chicago Mercantile Exchange were down on profit taking and demand uncertainties. January was $.01 lower at $16.74, February was down $.06 at $16.56, March was $.07 lower at $17.08, and April was down $.14 at $17.29.

Cash cheese blocks were up $.0025 at $1.69. There was one load sold at $1.69. Barrels were $.0125 higher at $1.46. There were two loads sold, one at $1.4575 and one at $1.4525. The last unfilled bid was on one load at $1.46. The last uncovered offer was for one load at $1.47.

Butter held at $2.22. The last unfilled bid was on one load at $2.21.

Nonfat dry milk was down $.0025 at $.945. There was one load sold at $.945. The last unfilled bid was on one load at $.89.

Source: Brownfield Ag News

(T4, D1)

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