Milk futures continue mostly lower trend
Class III milk futures at the Chicago Mercantile Exchange were mostly lower, with the most active contracts down on follow through technical selling and demand uncertainties. March was up $.02 at $15.68, April was $.28 lower at $14.96, May was down $.25 at $15.11, and June was $.23 lower at $15.60.
Cash cheese blocks were unchanged at $1.36. There were three loads sold, two at $1.36 and one at $1.37. The last unfilled bid was on one load at $1.36. The last uncovered offer was for one load at $1.38. Barrels were $.025 lower at $1.35. There were a total of 11 loads sold, including three at $1.35. The last unfilled was on two loads at $1.34. The last uncovered offer was for one load at $1.37.
Butter was down $.04 at $2.11. There were 22 loads sold, including one at $2.11 and 11 at $2.12. The last unfilled bid was on five loads at $2.10. The last uncovered offer was for five loads at $2.11.
Nonfat dry milk was steady at $.795. There were five loads sold, including one at $.795 and three at $.79. The last unfilled bid was on one load at $.79. The last uncovered offer was for one load at $.80.
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