On the Chicago Mercantile Milk futures closed lower Monday with coronavirus impacts continuing to erode markets. Class III milk finished quite a bit lower today. March was down 7 cents to $16.30 per cwt. April milk was down 20 cents to $15.83 per cwt. May fell the most, dropping 28 cents to $16.00 per cwt. Class IV milk continued to show weakness today. April milk was down 30 cents to $15.10 per cwt. May lost 40 cents to $15.10. June milk took the biggest slide, dropping 47 cents to $15.30 per cwt.
Dry whey down $0.0150 at $0.3325. Three trades were made ranging from $0.3325 to $0.3375. Blocks up $0.01 at $1.76. One trade was made at that price. Barrels down $0.0675 at $1.41. Nine trades were made ranging from $1.4075 to $1.47. Butter down $0.0375 at $1.8175. Seven sales were made at ranging from $1.8175 to $1.84. Nonfat dry milk down $0.0325 at $1.0825. Eleven trades were made ranging from $1.06 to $1.0825.