On the Chicago Mercantile Exchange Monday milk futures were down and cash dairy prices were unchanged except for butter, following Friday’s selloff of 20 cents per cwt. March lost 2 cents per cwt. to $14.92 while April fell another 13 cents to $14.75 per cwt. Beyond April, milk prices declined 2-8 cents per cwt. The March-June average now stands at $15.02. The 2ndhalf is offering $16.15 per cwt. Class IV markets had little change with May 5 cents stronger, September 7 cents lower and November down 3 cents. The March-June 2019 average closed Monday at $15.99 while the 2ndhalf ended at $16.65 per cwt. respectively.
Dry whey was down $.02 at $.30 cents per pound. Five sales were recorded at that price. Forty-pound blocks were unchanged at $1.56 per pound. No sales were recorded. Barrels were unchanged at $1.4925 per pound. No sales were recorded. Grade AA Butter was up $.0050 to $2.2850 per pound. One sale was recorded at that price. Nonfat dry milk was unchanged at $.9675 per pound. No sales were recorded.