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Milk Markets Lower Monday in Chicago


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.


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