Market News

Milk futures lower, cash dairy trade mixed

Milk futures on the Chicago Mercantile Exchange took back earlier week gains Thursday as block cheese and cash butter closed lower.

January Class III milk down six cents at $20.32. February 43 cents lower at $22.20. March a nickel lower at $22.33. April down 11 cents at $21.87. May through July nine cents lower to a penny higher.

Dry whey up $0.0075 at $0.77. Two sales were made at $0.7650 and $0.77.

Blocks down $0.0550 at $1.9975.

Barrels up $0.0225 at $1.9275. One trade was made at $1.93.

Butter down $0.0425 at $2.7875. Seven trades were made at $2.7875 and $2.80.

Nonfat dry milk up $0.02 at $1.78. One sale was made at that price.