Milk futures were lower and the cash dairy markets were mostly steady with light trading Monday on the Chicago Mercantile Exchange.
September Class III milk was down $0.07 at $18.87. October was down $0.01 at $18.64. November was down $0.08 at $18.25. December was down $0.12 at $18.22. January through July contracts ranged from twelve cents lower in March to ten cents higher in January.
Dry whey was up $0.0050 at $0.2850. One sale was recorded at that price.
The cheese market was inactive, as forty-pound cheese blocks remained unchanged at $1.9450 and cheese barrels remained unchanged at $1.80. No cheese sales were recorded.
Butter was unchanged at $2.67. After a Twenty-sale Friday, no sales were recorded Monday.
Nonfat dry milk was unchanged at $1.1050.
