Market News

Milk futures, cash dairy mostly lower

Milk futures on the Chicago Mercantile Exchange opened the week in lower trade pressured by declining cheese trade.

May Class III milk down three cents at $18.85.  June down 44 cents at $18.92. July down 22 cents at $19.42. August down 15 cents at $19.47. September through November contracts 14 to 20 cents lower.

Dry whey unchanged at $0.64.

Blocks down $0.0425 at $1.6825. Four trades were made at that price.

Barrels down $0.03 at $1.70. Two trades were made at that price.

Butter down $0.0525 at $1.8225. Eight sales were made from $1.8225 to $1.8425.

Nonfat dry milk up $0.0050 at $1.3050.