On the Chicago Mercantile Exchange milk futures closed higher even with mixed cash trade Monday. Class III futures markets were able to put together another round of higher trade, highlighted by the January and February months which were up 19 and 12 cents respectively. March through December 2020 ranged from 2 softer to 8 higher. The first half 2020 average closed at $17.90 per cwt. While the 2nd half of the year is offering $17.55 per cwt. Class IV milk in contrast lost 10 cents in. December while January fell 11 cents, and February through June dropped 2-6 cents per cwt. The first half of 2020 for Class IV is offering $17.76 per cwt.
Dry whey up $0.0025 at $0.3550. Blocks down $0.03 at $1.9325. Four trades were made ranging from $1.9175 to $1.96. Barrels up $0.01 at $2.5475. Four trades were made ranging from $2.2475 to $2.2575. Butter down $0.0275 at $1.97. Three trades were made ranging from $1.97 to $1.99. Nonfat dry milk up $0.0250 at $1.2625. One trade was made at that price.
