US milk futures and cash dairy are higher

United States
Market & Price Trends
Published Feb 24, 2024

Tridge summary

Milk futures on the Chicago Mercantile Exchange ended higher on Friday, driven by a weaker dollar and constrained milk supplies. Despite February Class III milk dropping by five cents to $16.14, contracts for March through August saw an increase. Other dairy products such as dry whey, blocks, barrels, butter, and nonfat dry milk also experienced a rise in prices.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Milk futures on the Chicago Mercantile Exchange were higher Friday supported by a lower dollar and tight milk supplies. February Class III milk down five cents at $16.14. March 18 cents higher at $17.31. April 19 cents higher at $17.85. May up 21 cents at $18.16. June through August contracts five to 23 cents higher. Dry whey up $0.0075 at $0.5225. Blocks up $0.05 at $1.55. Fourteen trades were made from $1.51 to $1.55. Barrels up $0.0050 at ...
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