Market News

Milk futures start holiday week lower, cash dairy steady to lower

January Class III milk futures on the Chicago Mercantile Exchange closed 15 lower at $19.10.  February down 26 at $19.44.  March down 20 at $19.56.  April through June contracts 2 to 10 cents lower.

Dry whey unchanged at $0.73. 

Blocks down $0.0275 at $1.86.  Three trades were made, ranging from $1.8350 to $1.8875.

Barrels down $0.0050 at $1.6250.  Five trades made with a range of $1.6175 to $1.63.

Butter steady at $2.0925. 

Nonfat dry milk unchanged at $1.6775.