Market News

Milk futures, cash dairy mostly lower

Milk futures on the Chicago Mercantile turned lower Thursday while cash markets provided little direction.

February Class III milk down two cents at $17.01.  March down 17 cents at $17.12.  April 28 cents lower at $17.14.  May down 28 cents at $17.14.  June through September contracts 20 to 25 cents lower.

Dry whey down $0.0025 at $0.3925.   

Blocks unchanged at $1.8650.  One sale was made at that price.

Barrels up $0.0250 at $1.5850.  Five trades were made at $1.57 and $1.5850. 

Butter unchanged at $1.80. 

Nonfat Dry milk down $0.0275 at $1.1975.  Four trades were made at $1.1950 and $1.1975.

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