At the Chicago Mercantile Exchange milk futures were lower again Thursday with a mostly inactive cash market. January was unchanged at $13.98 per cwt. February lost 3 cents while March-December 2019 ranged from 9-14 cents lower. April down 14 cents at $14.46. May through September contracts were nine to 13 cents lower. At the close, first half 2019 prices were offering $14.48 per cwt and the second half settled at $16.16. Class IV markets had prices as high as 7 cents in February and as low as 14 cents in July. CME spot product market results were a mixed bag. Butter added a quarter cent following two bids and settled at $2.22 and a quarter cent. Grade A nonfat dry milk traded nine loads and 1 three-quarter cents higher to $1.00 and three-quarter per lb.
Dry whey down $0.0050 at $0.4150. Five trades were made ranging from $0.4150 to $0.4225. Blocks unchanged at $1.3750. Barrels unchanged at $1.16. Butter up $0.0025 at $2.2225. Nonfat dry milk up $0.0175 at $1.0075. Nine trades were made ranging from $0.9975 to $1.01.
