Market News

Milk futures, cash dairy lower

Milk futures on the Chicago Mercantile Exchange tumbled Wednesday as cash cheese fell from its record high along with most other cash markets.

July Class III milk down three cents at $24.31.  August down 75 cents at $22.34.  September 75 cents lower at $19.48.  October 55 cents lower at $17.85.  November through January contracts 12 to 43 cents lower.

Dry whey unchanged at $0.32. 

Blocks down $0.19 at $2.80. 

Barrels unchanged at $2.42.  Five trades were made at that price.

Butter down $0.0525 at $1.6925.  Three trades were made ranging from $1.6925 to $1.72.

Nonfat dry milk down $0.0050 at $1.01.  Five trades were made at $1.01 and $1.0125.