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Milk Futures Up Double Digits in Chicago


At the Chicago Mercantile Exchange, class III milk futures closed mostly higher Monday following Friday’s optimism.   Fourth quarter prices, we’re up double digits while 2019 was up 2-8 cents. Class IV markets were up slightly as well.

Spot product markets on Monday had butter up to 2 ¾ cents to $2. 2575 following six trades and four bids. Cheddar barrels moved 2 cents higher to $1. 52 per pound, while blocks added another ¾ of a cent to $1. 67 per pound. Dry whey was unchanged at 51.5 cents. Grade A nonfat dry milk lost a penny and closed at 90 cents per pound.

 


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