On the Chicago Mercantile Exchange milk futures started the week higher as strong butter and cheese trade continues to carry markets. December Class III milk unchanged at $18.43. January 40 cents higher at $19.89. February 25 cents higher at $20.20. March up 24 cents at $20.06. April through June 11 to 23 cents higher.
In spot trade blocks up $0.0375 at $1.91. Two sales were made at $1.91 and $1.91. Barrels up $0.0250 at $1.6750. Four trades were made from $1.6875 to $1.6750. Butter up $0.0550 at $2.3050. Ten trades were made from $2.28 to $2.3050. Nonfat dry milk down $0.0025 at $1.6675. One trade was made at that price. Dry whey unchanged at $0.75.
(T2, D1)
