Milk futures, cash dairy lower
Milk futures on the Chicago Mercantile Exchange declined at midweek following the general trend in commodities, cash trade was mixed.
May Class III milk was down four cents at $24.98. June two cents lower at $24.57. July down four cents at $24.40. August five cents lower at $24.04. September through November unchanged to a dime lower.
Dry whey up $0.0050 at $0.5025. Four sales were made at $0.5025 to $0.51.
Blocks up $0.0050 at $2.3750. Three trades were made at that time.
Barrels unchanged at $2.45. Three trades were made from $2.4450 to $2.4550.
Butter up $0.0225 at $2.7925. Seven sales were made from $2.7850 to $2.79.
Nonfat dry milk unchanged at $1.7450.