At the Chicago Mercantile Exchange Milk futures were sharply lower and cash dairy prices were mixed on trading Monday. By the sessions close, the average price from now through the end of the year fell 16 cents per cwt. to finish at $15.64. The 2019 average dropped to below $16 for the first time since July 20. That average now stands at $15.99, 3 cents below Friday’s finish. Class IV markets remained unchanged.
Butter slipped a penny and ½ cents without trading, either. It finishes at $2.30 and ½ cents while dry whey remained unchanged. Nothing traded there either, 43 and ½ cents is it’s finish once more. Dry whey was unchanged at $.4350 cents per pound. No sales were recorded. Barrels were up $.01 at $1.4850 per pound. Four carloads sold from $1.4850 to $1.49. Forty-pound blocks were down $.0175 at $1.57 per pound. No sales were recorded. Nonfat dry milk was up $.0025 at $.83 per pound. Three carloads sold from $.8250 to $.83.
