Market News

Milk futures, cash dairy lower

Class III milk futures at the Chicago Mercantile Exchange closed lower Thursday, pressured in part by the cash market.

October closed a nickel lower at $15.55.  November down 11 cents at $15.53.  December down a dime at $15.52.  January 15 cents lower at $15.43.  February through next September contracts closed 15 cents to a penny lower.

Barrels were down $0.0275 at $1.2650.  Five trades were made ranging from $1.2650 to $1.2850.

Blocks were $0.07 lower at $1.52.  Three trades were made ranging from $1.52 to $1.5350.

Butter was down $0.0350 at $2.25.  Eleven sales were made ranging from $2.28 to $2.2925.

Nonfat dry milk closed unchanged at $0.8675.  One trade was made at that price.

Dry whey unchanged at $0.5750.