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Milk futures Higher Ahead of Bullish Milk Production Report Monday in Chicago

Tuesday, April 23rd, 2019

On the Chicago Mercantile Milk futures were higher Monday ahead of a bullish milk production report. April was unchanged at $15.92, however May was .13 higher to $15.84 and June up 9 cents to 16.04/cwt. Second half months traded up 5-7 cents and finished the day averaging 16.55/cwt. Class IV milk also showed gains in Monday’s trade. May up 1 cent to 16.26/cwt and June up 7 to $16.68.

Dry whey down $0.0025 at $0.3375. Seven trades were made ranging from $0.3375 to $0.34. Blocks up $0.0075 at $1.6750. One trade was made at that price. Barrels up $0.06 at $1.5750. One trade was made at that price. Butter down $0.0125 at $2.27. One trade was made at that price. Nonfat dry milk unchanged at $1.00.

(T1, D1)