Market News
Milk futures, cash dairy mixed
Milk futures on the Chicago Mercantile Exchange closed mixed while the cash cheese market posted large seasonal losses Monday.
December Class III milk down four cents at $19.51. January two cents higher at $18.64. February unchanged at $17.85. March down three cents at $17.41. April through July contracts four cents lower to three cents higher.
Dry whey down $0.0050 at $0.3625. Three sales were made at $0.3625 and $0.37.
Blocks unchanged at $1.97. Four trades were made ranging from $1.92 to $1.9850.
Barrels down $0.1475 at $2.08. Three trades were made at that price.
Butter up $0.0150 at $1.93. Three trades were made ranging from $1.9175 to $1.93.
Nonfat dry milk unchanged at $1.2675.
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