Market News

CME milk futures fall, cash dairy mixed Monday

Milk futures were down and cash dairy prices were mixed Monday on the Chicago Mercantile Exchange.

January Class III milk was down $0.17 at $19.07.  February was down $0.20 at $18.87.  March was down $0.20 at $19.14.  April was down $0.15 at $19.47.  May through November contracts ranged from seven cents lower in June to eighteen cents lower in October.

The dry whey market was active as the price fell $0.0450 to $0.41.  Ten sales were recorded from $0.41 to $0.44.

Cheese blocks were up $0.0225 at $2.00.  No sales were recorded.

Cheese barrels were down $0.0050 at $1.7350.  Two sales were recorded at $1.7350 and $1.7375.

Butter dropped $0.1550 to $2.70.  Three sales were recorded from $2.70 to $2.7450.

Nonfat dry milk was up $0.01 at $1.36.  Two sales were recorded at $1.36 and $1.3625.