Market News

Milk futures, cash dairy lower

Milk futures on the Chicago Mercantile Exchange continued to slide a midweek as cash trade tumbled lower and the USDA announced plans to discontinue the food box program.

April Class III milk down 11 cents at $17.49.  May down 63 cents at $18.83.  June down 64 cents at $18.95.  July 55 cents lower at $18.82.  August through October contracts 32 to 38 cents lower.

Dry whey unchanged at $0.66. 

Blocks down $0.0450 at $1.76. 

Barrels down $0.04 at $1.68.  Two trades were made at $1.6775 and $1.68.

Butter down $0.0175 at $1.8775.  Six sales were made at $1.8775.

Nonfat dry milk unchanged at $1.2050.