Market News

Milk futures, cash dairy mostly lower

Milk futures on the Chicago Mercantile Exchange closed lower again Thursday with repeat pressure from a mostly lower cash market and gains in the grain complex.

November Class III milk down 20 cents at $23.57.  December 75 cents lower at $19.42.  January down 32 cents at $17.60.  February 13 cents lower at $16.66.  March through May contracts three to nine cents lower.

Dry whey up $0.0025 at $0.4225.  One sale was made at that price. 

Blocks down $0.1325 at $2.4975. 

Barrels down $0.0075 at $2.4875.  Four trades were made at $2.4875 to $2.49.

Butter unchanged at $1.4375. 

Nonfat dry milk down $0.0075 at $1.06.  Two trades were made at $1.0575 and $1.06.