Milk futures start holiday week lower, cash dairy steady to lower

Market News

Milk futures start holiday week lower, cash dairy steady to lower

January Class III milk futures on the Chicago Mercantile Exchange closed 15 lower at $19.10.  February down 26 at $19.44.  March down 20 at $19.56.  April through June contracts 2 to 10 cents lower.

Dry whey unchanged at $0.73. 

Blocks down $0.0275 at $1.86.  Three trades were made, ranging from $1.8350 to $1.8875.

Barrels down $0.0050 at $1.6250.  Five trades made with a range of $1.6175 to $1.63.

Butter steady at $2.0925. 

Nonfat dry milk unchanged at $1.6775.

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