On the Chicago Mercantile Exchange milk futures started the week in mixed territory. Class III Milk had May unchanged at $25.09, June down a penny to $24.47, and July 3 cents higher to $24.68/cwt. The balance of the year was mixed between 4 cents lower and 14 cents higher. Class IV milk was unchanged in May and June at $25.04 and $25.05/cwt with July up 5 cents at $25.25/cwt.
The CME spot trade was quiet as well. Dry whey down $0.0225 at $0.4850. Five sales were made from $0.4850 to $0.4975. Blocks unchanged at $2.38. Barrels unchanged at $2.3475. Butter up $0.0150 at $2.8650. Three sales were made from $2.8625 to $2.8675. Nonfat dry milk up $0.0050 at $1.8050. Five trades were made from $1.79 to $1.8050.
(T2, D1)
