Market News
Milk futures, cash dairy mostly lower
Milk futures on the Chicago Mercantile Exchange closed lower Wednesday as pressure continues across commodities, block cheese was the only cash market to see positive movement.
June Class III milk unchanged at $17.25. July down 16 cents at $16.97. August down 28 cents at $17.69. September 17 cents lower at $18.30. October through December contracts three cents lower to unchanged.
Dry whey down $0.0075 at $0.5925.
Blocks up $0.0050 at $1.51. Ten sales were made at that price.
Barrels down $0.0225 at $1.6350. Eighteen trades were made from $1.6350 to $1.64.
Butter unchanged at $1.8050. Five trades were made from $1.78 to $1.8050.
Nonfat dry milk down $0.0150 at $1.2650. Two sales were made at that price.
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