On the Chicago Mercantile Exchange milk futures started the week lower anticipating bearish USDA reports and seeing little cash activity Monday. January Class III milk unchanged at $16.16. February down 50 cents at $15.96. March 50 cents lower at $17.04. April down 23 cents at $17.31. May through July contracts seven to 15 cents lower.
On product trade, dry whey unchanged at $0.54. Blocks unchanged at $1.61. Barrels unchanged at $1.3925. Two sales were made at $1.39 and $1.3925. Butter down $0.0425 at $1.36. Four sales were made ranging from $1.36 to $1.4075. Nonfat dry milk down $0.01 at $1.1625.
(T3, D1)
