Milk futures mostly lower, cash dairy mixed
Milk futures on the Chicago Mercantile Exchangeclosed mostly lower Thursday ahead of the monthly dairy product report while cash markets were mixed.
September Class III milk up 19 cents at $16.82. October six cents lower at $18.96. November 34 cents lower at $17.73. December down 36 cents at $16.84. January through March contracts three to 20 cents lower.
Dry whey down $0.0025 at $0.3325. One sale was made at that price.
Blocks up $0.1425 at $2.0525. One trade was made at $2.05.
Barrels up $0.0650 at $1.6350. Two trades were made at that price.
Butter down $0.01 at $1.50. Twenty-two trades were made ranging from $1.50 to $1.53.
Nonfat dry milk down $0.0050 at $1.03. Three trades were made at $1.0275 and $1.03.