On the Chicago Mercantile Exchange milk futures started the week mostly lower ahead of USDA’s monthly reports and as cash markets trended lower. January Class III milk was a penny higher at $20.30. February nine cents lower at $20.45. March down 20 cents at $21.55. April a dime lower at $21.43. May through July one to 14 cents lower.
In spot trade Blocks down $0.0125 at $1.7950. One sale was made at $1.8250. Barrels down $0.0375 at $1.7750. Three trades were made from $1.7750 to $1.8175. Butter down $0.0875 at $2.8475. Nonfat dry milk down $0.0025 at $1.8125. Two trades were made at $1.8125 and $1.8150. Dry whey unchanged at $0.80.
(T3, D2)
