On the Chicago Mercantile Exchange Milk futures closed lower Monday along with cash trade as the market continue to price correct. Class III milk continue to fall. July finished down 2 to $17.33, August was down 12 to $17.43 and September fell 10 to $17.62. The second half averaged at $17.40/cwt. Class IV milk was unchanged in July at $16.91, fell 4 cents in Aug to $17.02 and Class IV averaged $17.12/cwt
Dry whey down $0.0025 at $0.32. One trade was made at that price. Blocks down $0.0250 at $1.7625. Barrels down $0.0275 at $1.7125. Six trades were made ranging from $1.7125 to $1.7375. Butter up $0.0175 at $2.43. Five trades were made ranging from $2.4525 to $2.4375. Nonfat dry milk unchanged $1.0275. Two trades were made at $1.0250 and $1.0275.