On the Chicago Mercantile Exchange milk futures closed Monday mostly higher as rain brought more optimism to feed cost concerns and cash trade was mostly higher. June Class III milk up two cents at $17.20. July up 13 cents at $16.78. August up 19 cents at $16.82. September unchanged at $17.30. October through December contracts two to five cents lower.
On the spot market, blocks up $0.0250 at $1.5150. One sale was made at that price. Barrels down $0.0050 at $1.4850. Thirteen trades were made ranging from $1.4850 to $1.5050. Butter up $0.05 at $1.7675. Four trades were made from $1.7550 to $1.7675. Nonfat dry milk up $0.0150 at $1.28. Five trades were made at $1.28 and $1.2825. Dry whey up $0.0025 at $0.58. One sale was made at that price.
(T4, D2)
