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Milk futures, cash dairy mostly lower
Class III milk futures at the Chicago Mercantile Exchange closed lower Thursday somewhat pressed by a lack of movement on the USMCA and mixed tone of international markets.
December down a dime at $13.78. January 19 cents lower at $14.01. February down 14 cents at $14.47. March down 12 cents at $14.85. April through next November contracts closed five to 12 cents lower.
Blocks were unchanged at $1.35.
Barrels were down $0.04 at $1.2425. Two trades were made at $1.2650 and $1.28.
Dry whey closed down $0.0075 at $0.4375. Five trades were made ranging from $0.4375 to $4425.
Butter was up $0.0225 at $2.25. Four trades were made ranging from $2.2275 to $2.25.
Nonfat dry milk was down $0.0175 at $0.8925. Two trades were made at $0.8925 and $0.90.
For November 2018, the USDA says the Class II milk price was $15.63 per hundredweight, up $0.09 from October, the Class III price was $14.44, $1.09 lower, and Class IV was $15.06, an increase of $0.05.
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