At the CME, Milk futures started the new year in positive territory supported by increasing global markets. Class III markets were mixed in their performance with the average price covering the first half of the year finishing at $15,24. January class III milk futures closed down a penny at $14.30. February up three cents at $14.75. March up four cents at $15.07. April unchanged at $15.48. May through September ranged from a nickel lower to unchanged. Class IV markets saw stronger performance with the average for the first six months of the year coming in at up 7 cents over Monday.
Dry whey unchanged at $0.48 cents. Blocks down $0.0125 at $1.4175. Two trades were made at $1.41 and $1.4175. Barrels up $0.0125 at $1.3025. Four trades were made ranging from $1.2850 to $1.3025. Butter unchanged at $2.2175. Nonfat dry milk up $0.0125 at $0.95. Two trades were made at $0.95 and $0.9550.
