On the Chicago Mercantile Exchange milk futures started the first full week of the new year in limited trade as did cash trade. Class III milk gained 4 cents in Jan to 16.97, Feb fell a penny to 17.01, and March fell 1 to 17.24/cwt. Class IV milk saw a bigger swing. January fell 17 to 16.79, Feb fell 15 to 17.03, and March fell 8 to 17.28/cwt.
The CME spot trade was relatively quiet. Dry whey unchanged at $0.3150. Twelve sales were made ranging from $0.31 to $0.3150. Blocks down $0.01 at $1.88. Five trades were made at that price. Barrels unchanged at $1.6425. One trade was made at that price. Butter down $0.0550 at $1.8950. One trade was made at that price. Nonfat dry milk unchanged at $1.2325.
