Milk futures higher, cash dairy trade mixed
Milk futures on the Chicago Mercantile Exchange closed higher Monday as grains continued to slide and cash trade was mixed.
September Class III milk unchanged at $16.59. October up 16 cents at $17.50. November five cents higher at $17.35. December up five cents at $17.62. January through March contracts one to four cents higher.
Dry whey unchanged at $0.53.
Blocks up $0.0250 at $1.8150. One sale was made at that price.
Barrels down $0.0150 at $1.4425. Five sales were made from $1.4625 to $1.48.
Butter up $0.0175 at $1.2025. Eight sales were made from $1.79 to $1.8025.
Nonfat dry milk down $0.0025 at $1.3550. One sale was made at $1.3525.