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Milk futures mixed, cash dairy steady to higher


Breaking News ScreenIn Class III trade at the Chicago Mercantile Exchange, milk futures were mixed on spread trade and consolidation. December was up $.02 at $17.25, January was down $.04 at $17.09, February was $.07 lower at $17.41, and March was down $.01 at $17.57. April through July 2017 closed higher.

Cash cheese blocks were unchanged at $1.7575. There were five loads sold at $1.7575. Barrels were up $.035 at $1.715. There were a total of seven trades, from $1.68 to $1.715.

Butter held at $2.085. The last unfilled bid was on one load at $2.075. The last uncovered offer was for one load at $2.11.

Nonfat dry milk was $.025 higher at $.9975. There were a total of seven loads sold, five at $.98 and two at $.985. The last unfilled bid was on one load at $.9975. The last uncovered offer was for five loads at $1.00.

Cooperatives Working Together announced the acceptance of 13 bids for export assistance covering 2.518 million pounds of Cheddar and Monterey Jack cheese and 440,925 pounds of butter. The products are headed to Asia, the Middle East, North Africa, and Oceania with delivery scheduled for December of this year through March of next year.

Source: Brownfield Ag News


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