Milk futures on the Chicago Mercantile Exchange closed higher Monday as strong block cheese demand continues to drive markets.
July Class III milk 28 cents higher at
$23.25. August up 69 cents at $21.64.
September 34 cents higher at $19.15.
October 26 cents higher at $18.00.
November through January contracts 10 to 18 cents higher.
Dry whey down $0.0175 at $0.3125.
Blocks up $0.0250 at $2.70. Five trades were made ranging from $2.6950 to
$2.70.
Barrels down $0.0450 at $2.37. Two trades were made at $2.37 and $2.39.