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Milk futures lower, cash dairy mostly higher

Milk futures on the Chicago Mercantile Exchange were mostly higher Thursday while cash markets were higher with large movement for butter and nonfat dry milk.

October Class III milk down six cents at $21.59.  November 35 cents higher at $23.28.  December up 23 cents at $20.38.  January 11 cents higher at $18.02.  February through April contracts one to 13 cents higher.

Dry whey up $0.0050 at $0.40. 

Blocks unchanged at $2.7725. 

Barrels unchanged at $2.47. 

Butter up $0.0475 at $1.43.  Eighteen trades were made ranging from $1.40 to $1.4375. 

Nonfat dry milk up $0.0175 at $1.0975.  Eighteen trades were made ranging from $1.09 to $1.0975.

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