Market News

Milk futures, cash dairy mostly lower Thursday

May Class III milk futures on the Chicago Mercantile Exchange down 40 cents at $11.43.  June down 44 at $12.82.  July through September unchanged to 24 cents lower.

Dry whey up $0.01 at $0.35.

Blocks down $0.0725 at $1.0550. 

Barrels down $0.0650 at $1.00.  Eleven trades were made, ranging from $0.9975 to $1.00.

Butter down $0.0525 at $1.2475.  Thirteen trades made, with a range of $1.2475 to $1.29.

Nonfat dry milk down $0.0075 at $0.8975.  Six trades were made, ranging from $0.89 to $0.90.