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