On the Chicago Mercantile Exchange Monday Milk futures were down, and cash dairy prices were mixed. Class III milk was unchanged in April at $13.41, May fell 19 to $10.91, and June fell 25 to $11.91/cwt. Class IV milk was unchanged in April at $11.42, May fell 7 to $10.59, and June gained 7 to $11.16. The balance of 2020 was even to 13 cents higher.
The CME spot trade was mixed. Dry whey was unchanged at $.39 cents per pound. No sales were recorded. Forty-pound blocks were down $.0050 at $1.0075 per pound. There one sale recorded at $1.0150. Barrels were up $.0075 at $1.0125 per pound. There were two sales recorded at $1.0125 and $1.03. Grade AA Butter was up $.0125 at $1.20 per pound. Nine sales were recorded from $1.1950 to $1.21. Nonfat dry milk was down $.0150 at $.84 per pound. Four sales were recorded at $.084 to $.85.
