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Class III Milk Starts Week Lower in Chicago

On the Chicago Mercantile Exchange milk futures started the week lower pressured somewhat by lower, albeit quiet, cash trade. April Class III milk unchanged at $17.64.  May down 14 cents at $19.04.  June down seven cents at $19.79.  July down eight cents at $19.77.  August through October contracts three to four cents lower.

On the CME Cash Dairy Product Trade Dry whey unchanged at $0.66.  Blocks unchanged at $1.80.  Two trades were made at that price.  Barrels down $0.0225 at $1.8125.  One sale was made at that price. Butter unchanged at $1.7525.  Nonfat dry milk down $0.0050 at $1.32.  One sale was made at that price.

(T1, D1)
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