Milk futures on the Chicago Mercantile Exchange started Monday higher supported prerecord positioning ahead of this week’s supply and demand report.
March Class III milk five cents higher at $16.35. April up 11 cents at $17.75. May 13 cents higher at $18.27. June up 14 cents at $18.27. July through September contracts 10 to 11 cents higher.
Dry whey up $0.0150 at $0.5950.
Blocks unchanged at $1.7325.
Barrels unchanged at $1.5075.
Butter up $0.0025 at $1.6925. Five trades were made ranging from $1.6725 to $1.6925.