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Milk Futures Lower, Cash Dairy Higher

Milk futures on the Chicago Mercantile Exchange ended lower Monday after a long-term dairy projection left little to be desired by traders and cash markets were flat.

August Class III milk futures unchanged at $17.61.  September down nine cents at $17.78.  October 11 cents lower at $17.78.  November down seven cents at $17.45.  December through March contracts three to seven cents lower.

Dry whey unchanged at $0.3550.  One trade was made at that price.

Blocks unchanged at $1.8675. 

Barrels unchanged at $1.72. 

Butter up $0.0225 at $2.3375.  Five trades were made ranging from $2.3225 to $2.3375.

Nonfat dry milk unchanged at $1.0275. 

--Brownfield AgNews