Market News

Milk futures, cash dairy lower

Milk futures on the Chicago Mercantile Exchange finished the week lower Friday pressured by declining cash trade.

August Class III milk down 45 cents to $19.36.  September 68 cents lower at $16.23.  October 62 cents lower at $16.52.  November down 48 cents at $16.45.  December through February contracts nine to 29 cents lower.

Dry whey unchanged at $0.32. 

Blocks down $0.11 at $1.7050.  Four trades were made ranging from $1.7050 to $1.75. 

Barrels down $0.1250 at $1.5175.  Ten trades were made ranging from $1.50 to $1.5175.

Butter down $0.0275 at $1.53.  One trade was made at that price.

Nonfat dry milk unchanged at $0.9550.  Four trades were made at $0.9525 and $0. 9550.