On the Chicago Mercantile Exchange Monday milk futures and cash dairy prices were mixed. Class III milk was mixed after opening higher Sunday night. November was as high as $18.84, but finished the day down 9 cents to $18.62/cwt. October fell 5 to $18.59. December and into 2020 saw gains however – December up 7 to $17.95, Jan – March were up 5-6 cents. Class IV milk was unchanged in October at $16.37, November gained 19 to $16.73, and December gained 11 to $16.67/cwt.
The CME spot product market was also mixed. Dry whey was down $.0050 at $.2975 cents per pound. Seven sales were recorded from $.2975 to $.3000. Forty-pound blocks were down $.0275 at $2.0725 per pound. Five sales were recorded from $2.0725 to $2.0975. Barrels were up $.0025 at $2.0250 per pound. Two sales were recorded at that price. Grade AA Butter was up $.0150 at $2.11 per pound. Eight sales were recorded from $2.10 to $2.11. Nonfat dry milk was up $.0025 at $1.1675 per pound. Four sales were recorded from $1.1650 to $1.1675.
