Market News

Milk futures lower, cash dairy mixed

Class III milk futures at the Chicago Mercantile Exchange closed lower Thursday ahead of a bearish cold storage report on follow through selling.

March milk closed down $0.07 at $14.21. April was down $0.16 at $14.31.  May closed $0.15 lower to $14.30.  June milk was down $0.11 at $14.73.  The rest of the 2018 milk futures closed five to nine cents a hundredweight lower.

Grade AA Butter was unchanged at $2.1875.

Barrels were unchanged at $1.5125.

40 # blocks were up unchanged at $1.5650.

Nonfat dry milk was up $0.0025 at $0.6925.

Dry whey was down $0.0050 at $0.2875 cents.