On the Chicago Mercantile Exchange milk futures closed mixed as did cash trade. Class III milk had a hard time maintaining gains during Monday’s trade. June Fell 3 cents to $16.28 and July fell 4 cents to $17.17/cwt. Oct – Dec however saw 3-5 cent gains to give a second half average at $17.20/cwt. 2020 saw a mixed trade with February 2 cents lowers and January and March gaining 2-3 cents. First quarter of 20 is averaging $16.44/cwt. Class IV milk was weaker. June was unchanged at $16.80, July lost 2 cents to $17.17 and August lost 10 cents to $17.32.
The CME spot product trade saw only butter moving higher, up $0.0125 at $2.3775. Three trades were made ranging from $2.37 to $2.38. Dry whey down $0.0075 at $0.3550. One trade was made at that price. Blocks down $0.0325 at $1.75. Seven trades were made ranging from $1.75 to $1.7650. Barrels unchanged at $1.6050. Nonfat dry milk unchanged at $1.0525.
