On the Chicago Mercantile Exchange milk futures opened the week again in lower trade with little direction for cash markets. Class III milk values had July 26 cents lower and August down 24 cents/cwt, respectively. September 2021 through December 2022 printed settlements between 11 lower to 3 cents higher. Class IV values were mainly unchanged to 10 cents/cwt lower.
Spot market was not any better as it was led lower by cheese declining in price as blocks up $0.02 at $1.4725. One trade was made at that price. Barrels down $0.0625 at $1.48. Three trades were made from $1.48 to $1.4925. Butter unchanged $1.7850. Dry whey unchanged at $0.61. Nonfat dry milk down $0.01 at $1.2550. Five sales made from $1.2550 to $1.26.
(T2, D1)
