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Milk Futures Start the Week Strong in Chicago

On the Chicago Mercantile Exchange Milk futures started the week with a strong push to the higher side Monday, supported by increased cash markets. December Class III milk up four cents at $15.39.  January 43 cents higher at $16.15.  February up 41 cents at $16.83.  March 33 cents higher at $17.03.  April through June contracts 23 to 30 cent higher.

On the spot markets, Dry whey unchanged at $0.4625.  Blocks up $0.01 at $1.5950.  Barrels up $0.0050 at $1.4050.  Butter up $0.0450 at $1.5250.  Twelve trades were made ranging from $1.52 to $1.5325.  Nonfat dry milk unchanged at $1.15.

(T1, D1)
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