Market News
Milk futures lower, cash dairy mixed
Milk futures on the Chicago Mercantile Exchange were lower Monday ahead of a mostly neutral milk production report.
August Class III milk futures unchanged at $17.62. September down seven cents at $17.78. October a nickel lower at $17.78. November also down a nickel at $17.43. December through March contracts five to nine cents lower.
Dry whey up $0.0050 at $0.37.
Blocks up $0.0275 at $1.9075. Two trades were made at $1.9050 and $1.9075.
Barrels down $0.0150 at $1.75. Eight trades were made ranging from $1.75 to $1.76.
Butter down $0.01 at $2.33. Two trades were made at $2.33 and $2.3325.
Nonfat dry milk unchanged at $1.03. One trade was made at that price
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