Market News

Milk futures lower, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange closed lower Friday with mostly lower cash trade, giving recent gains back to the grain market.

July Class III milk futures unchanged at $17.35.  August down 14 cents at $17.55.  September down 18 cents at $17.72.  October 21 cents lower at $17.68.  November through February contracts eight to 18 cents lower.

Dry whey remained unchanged at $0.3225. 

Blocks down $0.0450 at $1.7850.  Three trades were made ranging from $1.7850 to $1.8250.

Barrels down $0.0275 at $1.74.  Nine trades were made ranging from $1.74 to $1.7650.  

Butter up $0.0025 at $2.4125.  One trade was made at that price.

Nonfat dry milk down $0.0025 at $1.0275.  Two trades were made at $1.01 and $1.0275.