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Milk Futures Lower in Chicago Monday

On the Chicago Mercantile Exchange milk futures closed mostly lower Monday while cash trade was mixed. Class III milk market results were mixed to begin the week. Prices ranged from 6 cents higher to 6 cents lower July 2019 through June 202. First half 2020 prices even traded as high as $17 per cwt on it’s average. Class IV milk dropped 4-11 cents August through January 2020.

Dry whey up $0.0025 at $0.3425. One trade was made at that price. Blocks up $0.0125 at $1.7925. Barrels up $0.0075 at $1.7125. Two trades were made at $1.71 to $1.7125. Butter down $0.0225 at $2.3750. Eight trades were made ranging from $2.3750 to $2.3850. Nonfat dry milk unchanged at $1.0075.

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