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Milk Markets Mixed Monday in Chicago


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.


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