On the Chicago Mercantile Exchange milk futures were mostly lower, with cash dairy steady to higher Monday. Class III Milk had July up 1 cent to 16.69, August slid 12 to $16.67, with September down 5 to $17.26/cwt. The balance of months traded 1-16 cents lower. Class IV milk was mixed with July up 3 cents to 15.96, Aug down 1 to 15.88, and Sept unchanged at $16 even. The balance of the year was unchanged to 7 higher.
On the spot market dry whey unchanged at $0.5375. Blocks steady at $1.6150. Barrels up $0.01 at $1.45. Butter up $0.0350 at $1.7125. Two trades were made, ranging $1.7075 to $1.7125. Nonfat dry milk up $0.0075 at $1.26. Two trades made, with a range of $1.2575 to $1.26.
(T4, D1)
