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Mixed Markets in Chicago Monday


At the Chicago Mercantile Exchange class III milk futures closed mixed Tuesday somewhat pressured by the cash market. Class III milk prices, despite the lower spot trade moved higher with the average for the first half of 2019 settling 5 cents higher at $15.95. Class IV markets moved the opposite direction returning to an average price for the first half of the 2019 calendar at $15.31. October closed four cents lower at $15.80. November four cents lower at $15.99. December up two cents at $16.02. January four cents higher at $15.91. February through next September contracts closed two to six cents higher.

Barrels were down $0.0150 at $1.36. Five trades were made ranging from $1.3450 to $1.36. Blocks were $0.0250 lower at $1.6550. Three trades were made ranging from $1.65 and $1.66. Butter was down $0.01 at $2.25. Twelve trades were made ranging from $2.2375 to $2.25. Nonfat dry milk closed $0.0025 lower at $0.8575. Dry whey remained unchanged at $0.5575.


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