At the Chicago Mercantile Exchange class III milk futures closed higher Monday supported by trade optimism. December up two cents at $14. By the end of the session, Class III milk was up 14 cents in the average for the first half of 2019, it finds itself now at $15.27 per cwt. January 18 cents higher at $14.58. February up 16 cents at $14.88. March up 16 cents at $15.15. The second half of the year, very close to where it has been in recent weeks, up just three cents at $16.34 per cwt.
Blocks remained unchanged at $1.36. Barrels were down $0.0350 at $1.28. One trade was made at that price. Dry whey closed down $0.0050 at $0.43. Five trades were made ranging from $0.43 to $4350. Butter was unchanged at $2.2425. Nonfat dry milk was up $0.01 at $0.9150. Two trades were made at $0.9125 and $0.9250.
