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CME milk futures, cash dairy down Thursday

Milk futures and the cash dairy markets were mostly lower Thursday on the Chicago Mercantile Exchange. 

March Class III milk was down $0.28 at $16.96.  April was down $0.32 at $17.17.  May was down $0.22 at $17.55.  June was down $0.15 at $17.90.  

July through January contracts ranged from unchanged in November and January to eleven cents lower in December.  Wednesday’s Class III trade volume was 2,947 contracts. 

Dry whey was down $0.0125 at $0.4275.  Two sales were recorded at $0.42 and $0.4275.  

Forty-pound cheese blocks were down $0.01 at $1.6050.  Two sales were recorded at $1.6050 and $1.6250. 

Cheese barrels were down $0.02 at $1.65.  Four sales were recorded, ranging from $1.65 to $1.68. 

Butter was down $0.0350 at $2.7650.  Six sales were recorded, ranging from $2.7650 to $2.80. 

Nonfat dry milk was unchanged at $1.19.   Three sales were recorded, ranging from $1.1850 to $1.1950. 

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