Milk futures were lower and cash dairy markets were mostly steady with very little activity Monday on the Chicago Mercantile Exchange.
September Class III milk was down $0.09 at $18.39. October was down $0.51 at $18.50. November was down $0.37 at $18.50. December was down $0.25 at $18.38. January through August contracts ranged from unchanged in July and August to sixteen cents lower in January and February.
Dry whey was down $0.0075 at $0.2950. Nine sales were recorded, ranging from $0.2950 to $0.3025.
The rest of the cash dairy market had no activity except for a couple of butter and cheese offers.
Forty-pound cheese blocks were unchanged at $1.9250. No sales were recorded.
Cheese barrels were unchanged at $1.8275. No sales were recorded.
Butter was unchanged at $2.68. No sales were recorded.
Nonfat dry milk was unchanged at $1.10. No sales were recorded.