meta It’s no April Fool’s Milk Futures Higher in Chicago Monday :: The Bullvine - The Dairy Information You Want To Know When You Need It

It’s no April Fool’s Milk Futures Higher in Chicago Monday


Milk futures on the Chicago Mercantile Exchange started the week in positive territory.  Class three markets seemed unmoved by the transactions. In the end, Class III prices were up single digits through the course of 2019 with the second quarter average now at $15.65 per cwt. up six cents from Friday while the third quarter was $16.29 at the end up three cents over Friday with fourth quarter averages now at $16.36. A penny better than the previous finish, Class IV markets saw similar action. The average price in the second half of the year is up a nickel to $16.74. April Class III milk up four cents at $15.65. May four cents higher at $15.52. June up a nickel at $15.72. July two cents higher at $16.06. August through December contracts were unchanged to three cents higher.

Dry whey up $0.0075 at $0.33. Six trades were made ranging from $0.3250 to $0.33. Blocks down $0.0050 at $1.64. Four trades were made ranging from $1.6250 to $1.6350. Barrels down $0.0125 at $1.59. Four trades were made ranging from $1.59 to $1.60. Butter down $0.0050 at $2.25. One trade was made at that price. Nonfat dry milk down $0.0025 at $0.96. One trade was made at $0.9575.


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