Milk futures mostly lower, cash cheese unchanged
Class III futures at the Chicago Mercantile Exchange were mostly lower on spread trade and follow through selling. June was up $.03 at $16.34, July was down $.12 at $16.49, August was $.14 lower at $17.13, and September was down $.13 at $17.43.
Cash cheese blocks were unchanged at $1.63. Barrels were steady at $1.4025. Four loads were sold, all at $1.4025. The last uncovered offer was for two loads, also at $1.4025.
Butter was up $.005 at $2.705. Eight loads were sold, including four at $2.705. The last unfilled bid was on one load at $2.69. The last uncovered offer was for one load at $2.71.
Nonfat dry milk was $.0025 higher at $.91. Five loads were sold, including three at $.91. The last unfilled bid was on 10 loads at $.90. The last uncovered offer was for 10 loads at $.93.
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