At the Chicago Mercantile Exchange class III milk futures lower Monday as milk production increases slightly in the U.S. November closed three cents lower at $14.55. December down 18 cents at $14.66. 2019 Class III markets saw losses anywhere from 9 to 23 cents in January to June, leaving the first half average at $15.29. January 23 cents lower at $14.81. February down 15 cents at $14.99. March through next October contracts closed 13 cents lower to a penny higher. The second half of 2019 was mainly unchanged but rose 3 cents in July and one cent in October, leaving the second half average at $16.32.
Blocks closed $0.0425 lower at $1.41. Four trades were made ranging from $1.41 to $1.44. Barrels were down $0.0625 at $1.2975. Dry whey closed unchanged at $0.43 Butter was up $0.0550 at $2.33. Three trades were made ranging from $2.3075 to $2.33. Nonfat dry milk was unchanged at $0.8850. Two sales were made at $0.88 and $0.8850.
