On the Chicago Mercantile Exchange milk futures closed mixed Monday with light movement along with cash trade. Class III 2021 settled out anywhere between even to 7 cents lower whereas 2022 was even to 14 cents stronger. Class IV had August up 11 cents/cwt on the day. Product markets finished with butter 3 cents higher to $1.8225/lb on 10 loads trading.
Over in the spot markets, thinly traded markets were once again a story. Blocks up $0.0050 at $1.5050. Three sales were made at $1.50 and $1.5050. Barrels down $0.0075 at $1.6655. Five trades were made from $1.6550 to $1.6650. Butter up $0.03 at $1.8225. Ten trades were made from $1.8175 to $1.83. Nonfat dry milk up $0.0075 at $1.3075.
Dry whey down $0.0050 at $0.6225.
(T2, D1)
