Market News

Milk futures, cash dairy mostly lower

Milk futures on the Chicago Mercantile Exchange were limit down Thursday as negative cash markets overhung the market.

July Class III milk down four cents at $16.75. August down 75 cents at $19.98. September 75 cents lower at $17.31. October down 46 cents at $18.04. November through January contracts 20 to 42 cents lower.

Dry whey up $0.0150 at $0.5350.

Blocks down $0.0925 at $1.6450.

Barrels down $0.0950 at $1.50. One sale was made at that price.

Butter down $0.0250 at $1.6850. One sale was made at that price.

Nonfat dry milk down $0.0050 at $1.2350. Two sales were made at $1.2350 and $1.2375.