Milk futures were lower in the near term, and cash dairy prices were lower except for milk powder Thursday on the Chicago Mercantile Exchange.
June Class III milk was down $0.26 at $16.11. July was down $0.18 at $16.64. August was down $0.15 at $17.48. September was down $0.04 at $18.44. October through April contracts ranged from five cents lower in November to seven cents higher in February and March.
Dry whey was down $0.0025 at $0.2750. There were fifteen sales recorded from $0.2725 to $0.28.