On the Chicago Mercantile Exchange Monday milk futures were down sharply and cash dairy prices were mostly down. Class III futures markets lost 68 cents in January, 42 cents in February and 24 cents in March. April and beyond in 2020 fell 3-13 cents as well. Class IV milk softened 1-12 cents per cwt in the first part of 2020.
Dry whey was down $.0250 at $.3125 cents per pound. There were eight sales recorded from $.3125 to $.3325. Forty-pound blocks were down $.0275 at $1.77 per pound. There was one sale recorded at that price. Barrels were down $.0850 at $1.61 per pound. Five sales were recorded from $1.61 to $1.65. Grade AA Butter was up $.0200 at $1.98 per pound. There were five sales from $1.9650 to $1.98. Nonfat dry milk was unchanged at $1.2650 per pound. There were no sales recorded.
Grain markets all traded higher to begin this week off of positive trade news. Corn added 7 cents, soybeans were up 14.5 cents and the wheat complex traded 11-19 cents per bu.
