At the Chicago Mercantile Exchange milk futures continued lower as the government shutdown weighs on the market. Class III markets were down on the day with all months showing losses except for November which did not trade. Class III markets fell anywhere from four to 13 cents leaving the first and second half averages at $15.06 and $16.45. January class III milk futures closed down six cents at $14.14. February down 16 cents at $14.41. March down a dime at $14.88. April down a dime at $15.31. May through September contracts were four to nine cents lower. Class IV markets also showed losses from seven to 23 cents in the front months while the rest was unchanged.
Dry whey unchanged at $0.4825 cents. Blocks down $0.02 at $1.38. Barrels down $0.0150 at $1.2775. Four trades were made ranging from $1.2775 to $1.2925. Butter unchanged at $2.23. Nonfat dry milk up $0.0150 at $0.99. Three trades were made ranging from $0.9775 to $0.99.