Market News

Milk futures, cash dairy lower

Milk futures on the Chicago Mercantile ended the week lower pressured somewhat by negative cash market movement.

February Class III milk down two cents at $16.99.  March down 11 cents at $17.01.  April eight cents lower at $17.06.  May down two cents at $17.12.  June through September contracts three to seven cents lower.

Dry whey down $0.0225 at $0.37.  Three trades were made at that price.   

Blocks down $0.0450 at $1.82. 

Barrels unchanged at $1.5850.  Fifteen trades were made at that price.   

Butter unchanged at $1.80.  Twenty-four trades were made ranging from $1.80 to $1.8225.

Nonfat Dry milk down $0.0275 at $1.17.  Five trades were made at $1.17 and $1.1750.

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