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CME milk futures mixed, cash dairy mostly lower Monday

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Milk futures were lower in the near months and the cash dairy markets were mostly lower Monday on the Chicago Mercantile Exchange. 

March Class III milk was down $0.10 at $16.47.  April was down $0.16 at $15.92.  May was down $0.14 at $16.34.  June was down $0.07 at $17.13.  

July through January contracts ranged from unchanged in October and November to ten cents higher in September.  Monday’s Class III trade volume was 1,454 contracts. 

Dry whey was up $0.0050 at $0.4150.  No sales were recorded.  

Forty-pound cheese blocks were down $0.0250 at $1.4350.  Five sales were recorded, ranging from $1.4350 to $1.44. 

Cheese barrels were down $0.0275 at $1.46. 

CME milk futures mixed, cash dairy mostly lower Monday