At the Chicago Mercantile Exchange Class III milk futures worked their way higher Monday taking back some of last week’s losses. Since early October, the first half 2019 average has slipped 85 cents. Monday the market was able to achieve modest gains. November added 5 cents while December jumped 19. January traded 14 cents higher and February was up 10 cents. March and beyond in Class III ranged from 5 to 11 cents higher.
Barrels were up $0.0125 at $1.3175. Blocks closed $0.03 lower at $1.35. Five trades were made ranging from $1.35 to $38. Butter was up $0.0325 at $2.2250. One trade was made at that price. Nonfat dry milk was unchanged at $0.86. One trade was made at $0.8575. Dry whey closed down $0.0050 at $0.43. Eight trades were made ranging from $0.43 to $0.4350.
