Market News

Milk futures, cash dairy lower

Milk futures on the Chicago Mercantile Exchange started the week sharply lower as did most grain and livestock markets.

March Class III milk was down a penny at $22.41. April 77 cents lower at $23.53. May down 85 cents at $24.16. June 73 cents lower at $24.06. July through September 37 to 49 cents lower.

Dry whey down $0.0025 at $0.7175.

Blocks down $0.0150 at $2.26. One trade was made at that price.

Barrels unchanged at $2.25. Four trades were made at $2.2475 and $2.25.

Butter down $0.0575 at $2.7350. Eight trades were made from $1.7325 to $2.7450.

Nonfat dry milk down $0.0050 at $1.8475. Six trades were made from $1.84 to $1.8475.