US milk futures and cash dairy mostly higher

Published 2024년 2월 20일

Tridge summary

Milk futures on the Chicago Mercantile Exchange began the week on a high note, driven by positive global market trends and a weaker dollar. February Class III milk increased by a cent to $16.18, March by 15 cents to $16.99, and April by six cents to $17.15. The Global Dairy Trade index in New Zealand also rose by 0.5% following a positive start to the year. Anhydrous milk fat saw the largest gain of 8.6%, followed by mozzarella at 5.3%, while cheddar sales experienced the largest drop of 7.6%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Milk futures on the Chicago Mercantile Exchange started the week mostly higher supported by positive movement in global markets and a lower dollar. February Class III milk up a penny at $16.18. March 15 cents higher at $16.99. April six cents higher at $17.15. May up 11 cents at $17.58. June through August contracts seven cents lower to four higher. Dry whey down $0.01 at $0.51. One trade was made at that price. Blocks up $0.0425 at $1.5225. Two sales were made at $1.52 and $1.5225. Barrels unchanged at $1.6075. One trade was made at that price. Butter up $0.0250 at $2.7750. Fifteen trades were made from $2.77 to $2.7750. Nonfat dry milk up $0.0225 at $1.1925. Two sales were made at $1.18. The Global Dairy Trade index in ...

Source: Brownfield Ag