Market News

Milk futures, cash dairy lower

Milk futures on the Chicago Mercantile Exchange continued lower Thursday as markets dropped back into the $23 range with cash trade under pressure.

March Class III milk was down 12 cents at $22.42. April 37 cents lower at $23.89. May down 37 cents at $23.88. June 37 cents lower at $23.83. July through September five to 35 cents lower.

Dry whey unchanged at $0.7575.

Blocks unchanged at $2.2325.

Barrels down $0.0150 at $2.07.

Butter down $0.0850 at $2.6925. Eleven sales were made from $2.6925 to $2.71.

Nonfat dry milk down $0.0075 at $1.8375. Two sales were made at $1.8375 and $1.84.