Milk futures on the Chicago Mercantile Exchange traded mixed
to mostly higher at midweek with positive moves seen in cash cheese trade.
May Class III milk up eight cents at $19.15. June down
two cents at $19.76. July up two cents at $19.86. August up six
cents at $19.81. September through November contracts nine to 11 cents
higher.
Dry whey up $0.0025 at $0.6475. Two sales were made at
$0.6450 and $0.6475.
Blocks up $0.0025 at $1.8025. Five trades were made at
$1.80 and $1.8025.
Barrels up $0.0250 at $1.8450. Seven sales were made
from $1.8250 to $1.8450.
Butter down $0.01 at $1.7350. Nine trades were made
from $1.7350 to $1.7425.
Nonfat dry milk up $0.0175 at $1.3575. Ten sales were
made at $1.3575 and $1.36.
The USDA has adjusted April Class and Component prices
higher. The Class II milk price was set at $15.56 per hundredweight, up
$0.49 from March, the Class III price was $17.67, $1.52 higher, and Class IV
was $15.42, up $1.24.
--Brownfield AgNews