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Milk Futures Lower, Cash Dairy Mixed

Milk futures on the Chicago Mercantile Exchange continued lower Thursday while cash trade was mixed but active. 

February Class III milk down three cents at $13.98.  March down 22 cents at $14.56.  April down 25 cents at $14.46.  May down 23 cents at $14.82.  June through October contracts five to 13 cents lower.

Dry whey up $0.01 at $0.34.  One trade was made at that price.

Blocks down $0.0125 at $1.58.  One trade was made at $1.5925. 

Barrels unchanged at $1.4350.  Eight trades were made ranging from $1.4325 to $1.4350. 

Butter up $0.0125 at $2.25.  Ten trades were made ranging from $2.2350 to $2.25.  

Nonfat dry milk down $0.0075 at $0.9850.  Twenty-three trades were made at $0.9675 to $0.9825. 

 
--Brownfield AgNews