On the Chicago Mercantile Exchange Milk futures closed mixed Monday, backing off of Friday’s gains with mostly higher cash trade. Milk markets in Class III witnessed very little change on Monday. Fourth quarter 2019 lost 2-6 cents per cwt, while 2020 prices ranged from a penny softer to 6 cents higher. The first half 2020 market is offering producers $16.72 per cwt. Class IV markets saw very little change as October through January traded just 1-6 cents higher, all other months were unchanged.
Blocks up $0.0025 at $1.9575. Two trades were made at $1.9575 and $1.9650. Barrels up $0.0350 at $1.69. Six trades were made ranging from $1.6550 to $1.69. Butter down $0.02 at $2.1275. Four trades were made ranging from $2.1275 to $2.1350. Nonfat dry milk unchanged at $1.11.
