On the Chicago Mercantile Exchange milk futures were mixed Thursday as declines in cash markets caught up with traders. Class III was more stable with a mixed reaction to the cheese trade. November finished unchanged at 20.19, December fell 9 to 18.70, and 2020 saw Jan – March trade 1-2 higher averaging at 17.35/cwt. Class IV was unchanged in November at 16.73, gained 5 in December to 16.98 and gained 2 in January to 17.19/cwt. The remainder of 2020 was unchanged.
Dry whey up $0.0075 at $0.2975. Blocks down $0.01 at $1.90. Barrels down $0.0475 at $2.2325. One sale was made at that price. Butter up $0.0025 at $2.0675. Six trades were made on a range of $2.0625 to $2.0750. Nonfat dry milk unchanged at $1.2175.
