Milk futures on the Chicago Mercantile Exchange were lower Monday as traders took back some overbought positions, cash markets were higher.
September Class III milk unchanged at $16.35. October three cents lower at $18.85. November 14 cents lower at $18.39. December 13 cents lower at $17.42. January through March contracts nine to 14 cents lower.
Dry whey up $0.0075 at $0.3850.
Blocks up $0.0075 at $2.5625. Two trades were made at $2.56 and $2.5625.
Barrels up $0.0150 at $1.6750. One sale was made at $1.66.
Butter unchanged at $1.5025.
Nonfat dry milk up $0.01 at $1.11. One sale was made at that price.