On the Chicago Mercantile Exchange milk futures started the week slightly higher supported by improving cash cheese trade. February Class III milk unchanged at $15.61. March up nine cents at $16.36. April six cents higher at $16.82. May eight cents higher at $17.30. June through August contracts unchanged to six cents higher.
The CME spot dairy auction kicked off this week in a mixed fashion. Blocks up $0.0325 at $1.57. Two sales were made at $1.56 and $1.57. Barrels unchanged at $1.4125. Butter down $0.04 at $1.51. Nonfat dry milk down $0.0050 at $1.0975. Two trades were at $1.0950 and $1.0975. Dry whey unchanged at $0.5475.
(T3, D1)
