On the Chicago Mercantile milk futures were higher Monday as traders bought back oversold positions. June gained 26 to $20.14, July gained 27 to $18.94, and August gained 9 to $17.47. Fall milk was quieter gaining 1-13 in September – December. Class IV milk was mixed. June gained 17 to $14.08, Jul fell 10 to $15.10, and August fell 21 cents to $15.17/cwt.
Dry powders lost some ground, down $0.01 at $0.3350. Five trades were made ranging from $0.3350 to $0.3425. Blocks up $0.0325 at $2.5850. One sale was made at that price. Barrels unchanged at $2.36. Two trades were made at $2.3350 and $2.36. Butter unchanged at $1.9250. Nonfat dry milk down $0.0175 at $0.96. Two trades were made at $0.96 and $0.97.
Grain and feed markets were mixed with corn gaining 2 ½ cents to $3.33 ¾, soybeans fell 3 cents to $8.64 ¾, with soybean meal down 70 cents to $288.40/ton.
(T1, D1)
