Class III milk futures at the Chicago Mercantile Exchange were mostly modestly higher on spread trade and technical buying as contracts have lost a lot of ground recently. March was down $.01 at $16.03, April was up $.07 at $15.96, May was $.14 higher at $16.04, and June was up $.09 at $16.25.
Cash cheese blocks were $.02 lower at $1.47. There was one load sold at $1.47. The last uncovered offer was for one load at $1.48. Barrels held at $1.465.
Butter was down $.07 at $2.1625. There were a total of 14 loads sold, including four at $2.1625 and eight at $2.16. The last unfilled bid was on one load at $2.1525. The last uncovered offer was for two loads at $2.1625.
Nonfat dry milk was up $.005 at $.7975. There were two loads sold, one at $.7975 and one at $.79. The last unfilled bid was on one load at $.795. The last uncovered offer was for one load at $.7975.
Source: Brownfield Ag News
