On the Chicago Mercantile Exchange milk futures started the week mixed following the trend of the cash market. Class III milk was weaker in the nearby months. Trading down 7 cents in March to $15.13 /cwt and down 13 cents in April to finish at $15 even. Second half was mostly unchanged. July- December averaging $16.18 / cwt Class IV milk traded 5 cents higher for April finishing the day at $16.10 and May was up 6 cents to $16.30/cwt.
Dry whey down $0.0075 at $0.3525. Seven trades were made ranging from $0.35 to $0.3550. Blocks down $0.04 at $1.57. Four trades were made ranging from $1.57 to $1.5725. Barrels up $0.02 at $1.43. Ten trades were made ranging from $1.41 to $1.43. Butter up $0.0525 at $2.34. Five trades were made ranging from $2.31 to $2.34. Nonfat dry milk up $0.0025 at $0.9875.
Corn and soybean markets were up Monday, finally breaking free of the falling wheat market. Soybeans were up as many as 12 cents during Monday’s trade, but finished up 4 cents to 9.03 ¼ and May SBM finished up $3.10 to $310.50/ton. Corn was up 1 cent in March to 3.65 even.
