On the Chicago Mercantile Exchange Milk futures started the week lower pressured by a lower cash trade. For the front months, February lost 7 cents to 13.96, march lost 15 cents to 14.24 and April lost 11 cents to 14.51. Including January’s settlement price at 13.96, the first and second half averages are now at 14.53 and 16.26
Dry whey down $0.0025 at $0.36. Seven trades were made at that price. Blocks down $0.0125 at $1.4875. Barrels down $0.0025 at $1.2975. Seven trades were made ranging from $2.2975 to $2.30 Butter down $0.0075 at $2.2825. One trade was made at $2.2850. Nonfat dry milk down $0.0125 at $0.99. One trade was made at that price.
