Market News

Milk futures and cash dairy lower Thursday

August Class III milk futures on the Chicago Mercantile Exchange closed 50 cents lower at $20.17.  September down 49 at $19.83.  October 56 cents lower at $20.18.  November through January futures 28 to 45 lower.

Dry whey down $0.01 at $0.4450. 

Blocks down $0.0875 at $1.85.  Two trades at $1.85 and $1.87.

Barrels down $0.1125 at $1.8450.  Four trades were made, ranging from $1.8450 to $1.87.

Butter down $0.0375 at $2.9550.  Three trades, ranging $2.9450 to $2.9550.

Nonfat dry milk down $0.01 at $1.6550.