Milk futures on the Chicago Mercantile Exchange started the week mostly higher while cash markets remain quiet.
May Class III milk down a penny at $16.29. The second half of 2019 ended at $17.00 per cwt. even. CME spot product markets were nearly unchanged across the board. The only settlements were Grade A nonfat dry milk. Dry milk declined a quarter cent following 7 trades, 7 uncovered bids and 10 offers.
Dry whey up $0.01 at $0.35. Two trades were made at$0.34 and $0.35. Blocks unchanged at $1.6725. Barrels unchanged at $1.6250. Three trades were made ranging from $1.6250 to $1.6275. Butter unchanged at $2.34. One trade was made at that price. Nonfat dry milk down $0.0025 at $1.0450. Seven trades were made ranging from $1.0425 to $1.05.
