On the Chicago Mercantile Exchange, June Class III milk futures were up 47 cents at $18.97. July 24 higher at $17.92. August through October nine lower to 16 higher. Class IV put together a modest gain as well.
The cheese rally on the CME spot dairy auction raged on once again Monday. Block cheddar up $0.17 at $2.40. Barrels up $0.0775 at $2.10. Butter up $0.0050 at $1.6650. Nonfat dry milk down $0.0050 at $1.0250. Dry whey down $0.0025 at $0.3025. Seven trades were made, with a range of $0.30 to $0.3025.
