At the Chicago Mercantile Exchange Monday milk futures took another dive. Class III milk futures began this week in the same fashion as they ended the last. December lost another 11 cents to $13.65 per cwt. January 17 cents lower at $13.81. February down 19 cents at $14.22. March down seven cents at $14.74. April through next November contracts closed two cents lower to three cents higher.
Barrels were down $0.0150 at $1.2075. Five trades were made ranging from $1.2075 and $1.2150. Blocks were down $0.02 at $1.33. Two trades were made at $1.33 and $1.3375. Dry whey remained unchanged at $0.4375. Butter was down $0.0075 at $2.20. One trade was made at that price. Nonfat dry milk was up $0.0125 at $0.8975. Four trades were made ranging from $0.8950 to $0.8975.
