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Milk Futures, Cash Dairy Mixed

Milk futures on the Chicago Mercantile Exchange were mixed at midweek with European dairy prices improving while the shutdown weighs on the market.

January class III milk futures closed down three cents at $14.05.  February down nine cents at $14.32.  March unchanged at $14.88.  April up a penny at $15.32.  May through September contracts were two to four cents higher.

Dry whey up $0.0050 at $0.4875 cents. 

Blocks down $0.01 at $1.37. 

Barrels down $0.0325 at $1.2450.  Eight trades were made ranging from $1.2550 to $1.2675.

Butter up $0.0050 at $2.2350.  Three trades were made ranging from $2.2275 to $2.2350.

Nonfat dry milk up $0.0125 at $1.0025.  Four trades were made ranging from $1.00 to $1.0050.

--Brownfield AgNews