On the Chicago Mercantile Exchange milk futures were mixed Monday following in the footsteps of the cash markets. Class III milk prices were mixed on Monday. November milk added 6 cents to $20.30 per cwt while 2020 prices ranged from a couple cents higher in March to double digit losses in the later parts of the year. At today’s close, first half 2020 average was offering producers $17.32 per cwt while the full year average resided at $17.40 per cwt. Class IV markets traded stronger to begin the week to the tune of 3-13 cents. Class IV first half average is offering producers $17.56 per cwt.
The cheddar spot market was weak once again to kick off this week. Blocks down $0.0225 at $1.8675. Two trades were made at that price. Dry whey up $0.0125 at $0.3325. Five trades were made at $0.33 and $0.3325. Barrels down $0.0425 at $2.1550. Two trades were made at that price. Butter up $0.0075 at $2.0750. Three trades were made at $2.0675 and $2.0750. Nonfat dry milk unchanged at $1.2175.
Grains turned in another round of weakness losing 3.5 cents in corn, 8 cent sin soybeans and wheat was up 4.5 cents in the Chicago market.
