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Milk Markets Heating Up on Optimistic Trade With Mexico Monday in Chicago


Milk futures on the Chicago Mercantile Exchange closed higher Monday as traders remain optimistic about increased trade with Mexico. Class III settled 4-7 cents higher and closed at a second half average price of $17.04 per cwt. Class IV had similar trading activity as months gained 2-12 cents per cwt. to a second half average of $17.40 per cwt. Prices were supported Monday by a higher cheddar block trade. Blocks added 3 and a quarter cent to $1.78 and a half cents per lb. One trade was moved while one bid was left uncovered in the market. 

Dry whey down $0.01 at $0.3575. One trade was made at that price. Blocks up $0.0325 at $1.7850. One trade was made at that price. Barrels unchanged at $1.5350. Four trades were made ranging from $1.52 to $1.5350. Butter down $0.01 at $2.3875. Six trades were made ranging from $2.3850 to $2.4050. Nonfat dry milk unchanged at $1.0550.


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