Milk futures on the Chicago Mercantile Exchange are still reeling from USDA’s bearish reports while cash markets were mixed Monday.

January Class III milk down three cents at $16.13.  February down 59 cents at $15.37.  March 48 cents lower at $16.56.  April down 50 cents at $16.81.  May through July contracts 40 to 50 cents lower.

Dry whey down $0.0425 at $0.4975.  Three sales were made ranging from $0.4975 to $0.51. 

Blocks down $0.0175 at $1.5925. 

Barrels up $0.0075 at $1.40.  Four sales were made ranging from $1.40 to $1.43.

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