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Mixed Markets in Chicago Monday


At the Chicago Mercantile Exchange,  class III milk futures closed in a narrow range Monday following the mixed tone of the cash market. The average price of Class III milk from now through the end of the year ate down a 2 cent game to finish at $15.96. The first half of 2019 remained unchanged at $15.89 Class IV milk follow the exact same pattern with the remainder of 2018 averaging $15.19 per cwt. and the first half of 2019 averaging $15.35.  October closed three cents higher at $15.84. November two cents lower at $16.03. December up three cents at $16.00. January two cents higher at $15.87. February through next September contracts closed a nickel lower to a penny higher.

Barrels were up $0.0075 at $1.3750. Five trades were made ranging from $1.3850 to $1.39. Blocks were $0.03 higher at $1.68. Two trades were made at $1.67 and $1.68. Butter was down $0.03 at $2.26. Seven trades were made ranging from $2.26 to $2.2875. Nonfat dry milk closed $0.0150 lower at $0.86. One trade was made at that price. Dry whey was unchanged at $0.5575.


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