On Monday, the White House announced a preliminary deal between Mexico and the United States. Despite very little released on dairy, Class III milk futures at the Chicago Mercantile Exchange closed higher Monday. Class III 2019 prices ranged anywhere from even to 8 cents higher. Class IV milk markets gained 3-7 cents September through December. CME spot product markets had butter 3 and ½ cents higher at $2.29 and ½ cents following 6 trades and 2 bids. Cheddar barrels moved a penny higher to $1.61 per lb. with 4 loads moving. Blocks also traded 4 times but declined 1 and ¾ cents to $1.65 and ¼ cents. Both Grade A nonfat dry milk and dry whey settled unchanged Monday. Nonfat dry milk closed at 87 cents and dry whey at 48 cents per lb.
