In Chicago, Milk futures started the week lower pressured in part by negative cash markets. Prices fell on average 10 to 15 cents out through the third quarter of 2019’s calendar. The first half of the year averages $15.15, down 12 cents from Friday’s finish. January class III milk futures closed down 11 cents at $14.14. February down 17 cents at $14.57. March down 17 cents at $14.98. April down 11 cents at $15.41. May through September contracts were a nickel to 11 cents lower. Class IV markets saw more weakness in the second half of the year and some strength in the first half of the year. The average for the first half finishes at $16.11 cents, up four cents, while the second half of the year averages $16.86, down five cents from Friday’s close.
Dry whey down $0.0075 at $0.4825 cents. Three trades were made at that price. Blocks down $0.0177 at $1.40. Barrels down $0.01 at $1.2925. Five trades were made ranging from $1.2950 to $1.3075. Butter down $0.02 at $2.23. One trade was made at that price. Nonfat dry milk unchanged at $0.9750.