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.
