Market News

Milk futures lower, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange ended the day lower pressured by increasing feed cost concerns and oversold positions.

May Class III milk down 13 cents at $18.25. June 24 cents lower at $18.42. July down seven cents at $18.83. August six cents lower at $18.92. September through November contracts unchanged to four cents higher.

Dry whey unchanged at $0.3750.

Blocks up $0.02 at $1.7675.

Barrels unchanged at $1.8550.

Butter up $0.04 at $3.0050. Seven trades were made from $3.00 to $3.0050.

Nonfat dry milk up $0.0050 at $1.1250. Five sales were made at that price.