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Milk Futures Slide in Chicago Monday

The Chicago Mercantile Exchange milk futures were mostly down and cash dairy prices were mixed on Monday.   Class III milk was mixed with first half of 2020 moving lower and July forward saw slight gains. January fell 2 to $17.01, February fell 8 to $16.90, our first half average sits at $17.20 per cwt. Class IV saw small gains in the first half of 3- 6 cents. January held at $16.77, February at $17.04 and March at $17.35 per cwt.

Dry whey was up $.0050 at $.3525 cents per pound.  Ten sales were recorded from $.3425 to $.3525. Forty-pound blocks were unchanged at $1.87 per pound. There were no sales recorded. Monday was also the first day of trading for block cheese futures at the CME.  In light trading, February blocks settled at $1.830. March closed at $1.836. April closed at $1.817.  May closed at $1.818.   Barrels were up $.0050 at $1.5275 per pound.  Two sales were recorded at $1.5225 and $1.5270. Grade AA Butter was down $.0500 at $1.87 per pound.  One sale was recorded at that price. Nonfat dry milk was unchanged at $1.2725 per pound.  There were three sales recorded from $1.2725 to $1.2750.


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