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Mixed Results in Chicago as Milk Markets Delayed Government Reports


The Chicago Mercantile Exchange started the week with mixed milk futures as the government gets back to work and traders anticipate delayed reports. The January contract expires tomorrow and was unchanged on the day at 13.98 leaving the 1sthalf average at 14.55.  February unchanged at $13.98. March down two cents at $14.24. April down a nickel at $14.48.  The second half prices continue to carry a premium over the 1sthalf, and the second half average at 16.19.

Dry whey down $0.0050 at $0.4050. Six trades were made ranging from $0.40 to $0.4050. Blocks up $0.0075 at $1.3975. Barrels up $0.03 at $1.21. One trade was made at that price. Butter up $0.0150 at $2.26. Two trades were made at $2.2425 and $2.2550. Nonfat dry milk up $0.0075 at $1.02. One trade was made at that price.


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