Market News

Milk futures mostly lower

In Class III trade at the Chicago Mercantile Exchange, milk futures were mostly lower on consolidation and follow through selling after Wednesday’s decline. March was down $.02 at $13.80, and April, the exception, was up $.08 at $13.56, while May was $.02 lower at $13.41 and June was down $.02 at $13.46.

At the spot market, cash cheese barrels were up $.005 at $1.47 with one load sold. The last bid unfilled was on one load at that price. Blocks held at $1.51.

Butter was $.0225 higher at $1.9825. There were four loads sold, from $1.9825 to $1.99. The last bid unfilled was on one load at a $1.98. The last offer uncovered was for one load $1.99.

Nonfat dry milk was up $.005 at $.75. The last bid unfilled was on one load at that price.