CME milk futures, cash dairy higher again Friday – Voice Of Muscatine



CME milk futures, cash dairy higher again Friday

Milk futures and the cash dairy markets were mostly higher on the Chicago Mercantile Exchange. 

February Class III milk was up $0.20 at $16.06.  March was up $0.38 at $16.53.  April was up $0.29 at $16.86.  May was up $0.12 at $17.25.  

June through December contracts ranged from six cents higher in October to seventeen cents higher in June.  Friday’s trade volume was estimated at just over twenty-three hundred contracts. 

Dry whey remains unchanged at $0.4425.  No sales were recorded. 

Forty-pound cheese blocks were up $0.0150 at $1.5375.  Eleven sales were recorded, ranging from $1.5225 to $1.5375. 

Cheese barrels were up $0.03 at $1.47.  Nine sales were recorded, ranging from $1.45 to $1.47. 

Butter was up $0.0725 at $2.76.  Two sales were recorded at $2.75 and $2.76. 

Nonfat dry milk was up $0.0175 at $1.22.  Six sales were recorded, ranging from $1.2050 to $1.22. 

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