Tuesday 7th May 2024

Milk futures on the Chicago Mercantile Exchange started the week lower anticipating bearish USDA reports and seeing little cash activity Monday.

January Class III milk unchanged at $16.16.  February down 50 cents at $15.96.  March 50 cents lower at $17.04.  April down 23 cents at $17.31.  May through July contracts seven to 15 cents lower.

Dry whey unchanged at $0.54. 

Blocks unchanged at $1.61. 

Barrels unchanged at $1.3925.  Two sales were made at $1.39 and $1.3925.

    

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