Market News

Milk futures lower, cash dairy mixed Monday

June Class III milk futures on the Chicago Mercantile Exchange down 19 cents at $16.66.  July down 57 at $16.25.  August through October futures 52 to 67 lower.

Dry whey down $0.0175 at $0.3725.  Eight trades were made, with a range of $0.3725 to $0.3850.

Blocks up $0.0350 at $1.8150. 

Barrels up $0.0175 at $1.7375.  Eleven trades made, ranging $1.7375 to $1.75.

Butter $0.04 lower at $1.6050.

Nonfat dry milk up $0.0050 at $0.94.  Six trades were made, with a range of $0.9325 to $0.94.