On the Chicago Mercantile Exchange milk futures started the week with limited activity, mostly to the higher side, while cash trade was mostly unchanged. Class III milk markets were 4 cents lower in March, even in April, and 1-4 cents higher May-December 2019. Second quarter prices are averaging $15.09 per cwt. The 2ndhalf closed at $16.22 per cwt. Class IV markets were 3-7 cents softer in the 2ndand ended at $16.06 per cwt. The 2ndhalf was all left unchanged at an average price of $16.66.
Dry whey unchanged at $0.34. Two sales were made at $0.34 and $0.3425. Blocks down $0.0150 at $1.52. Seven trades were made ranging from $1.5125 to $1.52. Barrels unchanged at $1.3675. Butter up $0.01 at $2.2675. Nonfat dry milk unchanged at $0.9750.