Class III milk futures at the Chicago Mercantile Exchange were mostly modestly higher on follow through buying and spread activity. April was up $.03 at $15.19, May was $.04 higher at $15.63, June was up $.08 at $16.01, and July was $.05 higher at $16.55.
Cash cheese blocks were unchanged at $1.445. Barrels were steady at $1.37. The last uncovered offer was for one load at $1.37.
Butter held at $2.10. There was one load sold at $2.10. The last unfilled bid was on one load at $2.09. The last uncovered offer was for one load at $2.10.
Nonfat dry milk was $.0075 lower at $.8075. There was one load sold at $.8075. The last unfilled bid was on two loads at $.79. The last uncovered offer was for five loads at $.83.
The USDA says cash butter for the week ending March 25th averaged $2.17 per pound, down $.026 on the week. 40 pound blocks of cheddar were pegged at $1.48, $.059 lower. 500 pound barrels averaged $1.47, down $.052. Dry whey was reported at $.531, up $.005. Nonfat dry milk averaged $.838, $.014 lower.
California’s Department of Food and Agriculture reports nonfat dry milk for the week ending March 24th averaged $.8308 per pound, down $.0117 on the week. Sales of 21,067,814 pounds were up 2,320,292.
HighGround Dairy says that for the week ending March 18th, milk production in the United Kingdom was up 1.3% on the year and for the week ending March 19th, milk production in France was 0.1% lower. Milk production in New Zealand for February was 3.3% higher than a year ago.
Source: Brownfield Ag News
