On the Chicago Mercantile Exchange milk futures opened in lower trade Monday, pressured by a bearish dairy products report and lower cash prices. Class III milk values printed red across the board. June traded 18 cents lower while July was off 21 cents. August through Dec softened 5-8 cents as well. Class IV on the other hand was higher in most months despite October being the lone month to trade. October rose 25 cents on 10 trades. Third quarter 2021 months were up a similar amount.
Product markets alike were mainly lower across the board once again on Monday. Dry whey down $0.0075 at $0.5950. One sale was made at that price. Blocks down $0.0250 at $1.4750. Six sales were made at $1.4750 to $1.49. Barrels down $0.03 at $1.5850. Two trades were made at $1.5850 to $1.59. Butter down $0.0050 at $1.77. One sale was made at that price. Nonfat dry milk up $0.01 at $1.27.
