On the Chicago Mercantile Exchange milk futures started the new year continuing a lower trend as a rally in grains added pressure to the market, cash prices were mixed. January Class III milk down 38 cents at $15.42. February 37 cents lower at $17.12. March 23 cents lower at $17.28. April down 14 cents at $17.23. May through July contracts one to 15 cents lower.
On the spot market Dry whey up $0.0025 at $0.4650. One sale was made at that price. Blocks down $0.0325 at $1.6175. Eleven trades were made ranging from $1.6175 to $1.6325. Barrels down $0.06 at $1.4825. Butter down $0.0250 at $1.3950. Two sales were made at $1.3950 and $1.3975. Nonfat dry milk up $0.0050 at $1.1475. Two sales were made at $1.1450 and $1.1475.
(T1, D1)
