Milk Prices Bouncing Back

Milk Prices Bouncing Back

In Class III trade at the Chicago Mercantile Exchange, milk futures were mostly higher, continuing to bounce back from the lows set in June.

August was down $.08 at $17.06, September was up $.06 at $17.30, October was $.01 higher at $16.99, and November was up $.07 at $16.60.

Over in the spot market, cash cheese blocks were down $.01 at $1.805. The last offer uncovered was for one load at that price. Barrels were steady at $1.88.

Butter was $.01 lower at $2.2575. There was one trade at that price.

Nonfat dry milk was up $.015 at $.8475. There were a total of seven trades, two at $.8475 and five at $.85. The last unfilled bid was on one load at $.845. The last uncovered offer was for one load at $.85.

Source – Dairy Agenda

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