Market News

Milk futures, cash dairy lower

Milk futures on the Chicago Mercantile Exchange continued their sell-off Monday as did cash markets with barrel cheese again posting large losses.

November Class III milk down a dime at $23.03.  December 97 cents lower at $16.74.  January down 20 cents at $16.76.  February three cents lower at $16.51.  March through May contracts unchanged to two cents higher.

Dry whey unchanged at $0.43. 

Blocks unchanged at $1.9175. 

Barrels down $0.21 at $1.40.  Six trades were made at that price.

Butter down $0.02 at $1.38.  Three trades were made ranging from $1.38 to $1.3850.

Nonfat dry milk down $0.0050 at $1.0825.  Twelve trades were made at $1.0825 and $1.0850.