Market News

Milk futures lower, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange fell Thursday after traders corrected overbought positions while cash trade was mixed.

May Class III milk down four cents at $19.03.  June down two cents at $19.62. July down 20 cents at $19.88. August down 22 cents at $19.82. September through November contracts seven to 26 cents lower.

Dry whey up $0.0050 at $0.6350. One trade was made at that price.

Blocks down $0.0250 at $1.7875. Fourteen trades were made from $1.78675 to $1.7950.

Barrels up $0.0250 at $1.78. Three trades were made at $1.77 and $1.78.

Butter up $0.0150 at $1.8650.

Nonfat dry milk up $0.0025 at $1.31. Four trades were made from $1.31 to $1.32.