At the Chicago Mercantile Exchange, milk futures closed mixed Monday as the market adjusts to Friday’s USDA reports. Class 3 markets were mixed on Monday trading anywhere from 8 cents lower to 12 cents higher. February Class III milk up a penny at $13.99. March up a dime at $14.69. April down a nickel at $14.75. The first and half average are now at $14.67 and $16.22. May down 12 cents at $15.10. June through October contracts were two to eight cents lower.
Dry whey down $0.01 at $0.3550. Seven trades were made ranging from $0.3550 to $0.36. Blocks up $0.0325 at $1.56. Three trade were made ranging from $1.54 to $1.56. Barrels up $0.03 at $1.4025. Five trade were made ranging from $1.39 to $1.4025. Butter up $0.0075 at $2.2850. Two trades were made at $2.2750 and $2.2850. Nonfat dry milk up $0.0025 at $0.9975. Three trades were made at $0.9975 to $1.00.