Market News

Milk futures lower, cash dairy trade mixed

Milk futures on the Chicago Mercantile Exchange were turned back lower Thursday as cash trade brought a negative tone to the market.

October Class III milk down two cents at $17.85. November 29 cents lower at $18.55. December down 20 cents at $18.51. January down four cents at $18.46. February through April contracts four cents lower to unchanged.

Dry whey down $0.0050 at $0.6175. One trade was made at that price.

Blocks down $0.0350 at $1.7225. One trade was made at that price.

Barrels down $0.02 at $1.8275. Two trades were made at $1.83.

Butter unchanged at $1.94. Three trades were made at $1.94 and $1.9450.

Nonfat dry milk up $0.0250 at $1.5525. Three trades were made from $1.53 to $1.5525.