On the Chicago Mercantile Exchange milk futures opened the week in mostly lower trade pressed by cash cheese markets and lower global trade. June Class III milk up four cents at $17.28. July down 17 cents at $17.87. August down 20 cents at $18.31. September down 14 cents at $18.75. October through December contracts five to 13 cents lower.
Dairy prices weakened once again as cheese faltered. Blocks down $0.02 at $1.51. Ten trades were made at $1.51 and $1.5125. Barrels up $0.0050 at $1.5750. Six trades were made at $1.57 and $1.5750. Butter down $0.02 at $1.79. Six trades were made from $1.79 to $1.8025. Dry whey down $0.0225 at $0.60. Two sales were made at $0.60 and $0.61. Nonfat dry milk up $0.0025 at $1.2950. Three trades were made at $1.2925 and $1.2950.
