Milk markets were mostly unchanged on Monday. November declined two cents while December was off nine cents. First half 2024 ranged from eight cents lower to a penny higher. Second half 2024 also saw some movement ranging from a nickel lower to a few cents stronger. Class IV markets were relatively unchanged as all 2024 contract months remain north of $19/cwt.
CME spot markets aligned with Class III and Class IV prices as little change was seen. Butter fell a penny to $3.35/lb while barrel cheese was down a quarter cent to $1.6425/lb. Blocks, powder, and whey settled unchanged despite trades in block cheese and whey.
Grain markets retraced three cents on Monday to $4.90/bu. Soybeans added six cents to $12.86. Meal was flat. Wheat ranged from two cents lower to six cents stronger.
