Market News

Milk futures lower, cash mixed

Milk futures on the Chicago Mercantile Exchange dipped at midweek as grain markets found strength and cash trade was mixed.

August Class III milk down a penny at $16.03. September down two cents at $17.36. October nine cents lower at $17.20. November down three cents at $17.43. December through February contracts one to eight cents lower.

Dry whey down $0.0050 at $0.5150.

Blocks up $0.0050 at $1.76. One sale was made at that price.

Barrels up $0.0025 at $1.4875. One sale was made at that price.

Butter down $0.0125 at $1.7025. Five trades were made from $1.6975 to $1.71.

Nonfat dry milk unchanged at $1.27.