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Markets Mostly Down in Chicago to Start the Week

On the Chicago Mercantile Exchange milk futures fell except for January and February and cash dairy prices were mostly down Monday.  CME Class III futures settled mainly lower.  December fell 15 cents to $18.42/cwt.  2022 months ranged anywhere from a penny higher in January and February to 18 cents softer.  Most months remain in the higher $18s-$19/cwt.  Class IV was unchanged.

On spot trade dry whey was unchanged at $0.70.  No trades were recorded, but there were two offers at $.73. Cheese Blocks were unchanged at $1.8575.  No sales were recorded. Cheese Barrels went down $.01 closing at $1.51.   No sales were recorded, but one offer at $1.51. Butter closed down $.0575 at $1.99.   There was one sale at that price. Nonfat dry milk went up $.0125 to $1.5675.  There was one trade at $1.56 and a couple of offers at $1.57 and $1.5750.

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