At the Chicago Mercantile Exchange Class III milk futures closed mixed after USDA confirmed a case of atypical BSE in a cow in Florida and lowered the all milk price for July. The Class II price was announced for the month of August at $15.07, while the Class III announcement came out at $14.95 and Class IV prices were announced at $14.63. On the board, futures prices for Class III milk rose another penny in the 2019 average to finish at $16.21 while Class IV stayed unchanged at $16.05.
A look at product in the CME spot saw butter drop 2 and three-quarter cents on two trades to finish at $2.27 and a quarter. Blocks and barrels both remained unchanged after no trades were tendered. They finish out at $1.66 and three-quarters and $1.61 respectively. Grade A nonfat dry milk dropped a quarter cent on seven loads while whey moved another half cent higher to another new record of 49 cents but without trading and load.
