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Mixed Results in Chicago Monday


At the Chicago Mercantile Exchange class III milk futures closed mostly lower ahead of a bearish milk production report Monday.  Milk markets changed very little despite all of this news the average from now through the end of the year finishes at $15.78 in Class III milk up 2 cents from Friday while the average for 2019 was unchanged at $16.08.

22 loads of barrels moved from seller to buyer leading prices 2 and three-quarter cents lower to $1.64 and a quarter. They still maintained a 3 and a quarter-cent premium over blocks which finished at $1.61 after falling 4 and a half cents on just two loads. Butter was down 5 and a half cents after a single trade to finish at $2.25 on Monday, while powder rose a half-cent on a handful of loads to 86 and three quarters. Dry whey finished a quarter-cent higher at 44 and three quarters but did not trade. 


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