At the Chicago Mercantile Exchange Class III milk futures started the week lower following the tone of the cash market. November closed eight cents lower at $14.70. December down 13 cents at $15.05. January through May declined 3 to 8 cents. January eight cents lower at $15.10. February down four cents $15.20. March through next October contracts closed six cents lower to unchanged. Well a June onward was unchanged Class IV markets had November a penny higher and December five cents lower. 2019 ranged between 8 and 14 cents weaker.
Barrels were unchanged at $1.34. Blocks were unchanged at $1.4575. Butter was down $0.0125 at $2.2875. Nonfat dry milk was $0.0125 lower at $0.8875. One trade was made at that price. Dry whey closed $0.0025 higher at $0.4475. Five trades were made ranging from $0.4450 to $0.4575.
