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CME milk mostly higher, cash dairy mostly lower Monday

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Milk futures were mostly steady to higher and the cash dairy markets were lower except cheese barrels Monday on the Chicago Mercantile Exchange. 

April Class III milk was up $0.15 at $16.16.  May was up $0.07 at $16.49.  June was unchanged at $17.23.  July was up $0.02 at $17.91.  

August through February contracts ranged from two cents lower in December to nine cents higher in August.  Monday’s Class III trade volume was lower, with 1,578 contracts. 

Dry whey was down $0.0150 at $0.43.  Two sales were recorded at $0.43 and $40.4350.  

Forty-pound cheese blocks were down $0.02 at $1.45.  Three sales were recorded, ranging from $1.45 to $1.48. 

Cheese barrels were up $0.0575 at $1.50, once again surpassing block cheese prices. 

CME milk mostly higher, cash dairy mostly lower Monday