meta Butter Higher and Mixed Results for Futures in Chicago Monday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Butter Higher and Mixed Results for Futures in Chicago Monday


At the Chicago Mercantile Exchange, class III milk futures maintained mixed results in the end, with the average for the balance of 2018 falling 4 cents to finish at $15.68 per cwt. while the first half of 2019 gained a penny to finish at $15.91. October closed a penny lower at $15.60. November down four cents at $15.72. December down seven cents at $15.73. January four cents lower at $15.72. February through next September contracts closed unchanged to a nickel higher. In the Class IV market. Both periods moved higher, with the average for the remainder of 2018 now resting at $15.03 while the first half of next year advances to $15.32.

Seasonal interest for butter continued to push prices higher on Monday after six loads moved from seller to buyer and 4 cents was added to price. On a per pound basis, butter now finishes at $2.29.  Barrels were down $0.0225 at $1.3075. Eight trades were made ranging from $1.3350 to $1.34. Blocks were unchanged at $1.61. One trade was made at $1.58. Nonfat dry milk closed $0.0050 higher at $0.8725. Dry whey was unchanged at $0.5625.


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