Dairy prices were mostly up on the Chicago Mercantile Exchange Monday. July Class Three milk was unchanged at $14.19. Class III markets spanning the month of August through December average $15.57, 3 cents over Friday’s finish. The 2019 average for Class III milk advanced 2 cents higher to finish at a final average price for the day of $16.02 per cwt. The milk futures from November through next June ranged from zero to nine cents higher.
The CME spot trade held some positive news. Butter price rose 4 cents on six loads to finish at $2.29. That was the single largest update that butter has seen since mid-May. Cheddar barrels rose 2 cents to move back to $1.29 while blocks remained unchanged, finishing again at $1.52. Grade A nonfat dry milk rose another 1 and ¼ cents, continuing to build on the leap that was made last Friday. Dry whey remained unchanged at 42 cents.
