Milk futures on the Chicago Mercantile Exchange started the new year continuing a lower trend as a rally in grains added pressure to the market, cash prices were mixed.

January Class III milk down 38 cents at $15.42.  February 37 cents lower at $17.12.  March 23 cents lower at $17.28.  April down 14 cents at $17.23.  May through July contracts one to 15 cents lower.

Dry whey up $0.0025 at $0.4650.  One sale was made at that price.

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