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CME milk futures lower, cash dairy steady to higher Monday

After a four-day holiday break, milk futures were mostly lower and the cash dairy markets were steady to higher Monday on the Chicago Mercantile Exchange.   

December Class III milk was up $0.01 at $16.36.  January was down $0.09 at $16.35.  February was down $0.12 at $16.86.  March was down $0.16 at $17.46.  April through October contracts ranged from three cents higher in May to five cents lower in October.  

Dry whey remained unchanged at $0.3975.  No sales were recorded. 

Forty-pound cheese blocks were up $0.02 at $1.61.  Two sales were recorded at $1.6075 and $1.61. 

Cheese barrels were up $0.03 at $1.47.  Three sales were recorded, ranging from $1.47 to $1.5050. 

Butter was unchanged at $2.50.  No sales were recorded. 

Nonfat dry milk was up $0.0050 at $1.19.  No sales were recorded. 

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