On the Chicago Mercantile Exchange milk futures closed lower Thursday ahead of USDA’s cold storage report. Blocks and Barrels held down Class III milk. March Class III milk down a dime at $15.09. April down 17 cents at $14.98. May down 12 cents at $15.14. June down 11 cents at $15.46. Second half average is still holding well. July – December is averaging $16.21/cwt. Class IV milk only traded in two months today. Off 12 cents in May and 9 cents in July. April Class IV milk was unchanged at $15.89/cwt.
Dry whey unchanged at $0.35. Blocks down $0.0275 at $1.5525. One trade was made at that price. Barrels down $0.0225 at $1.4275. Eight trades were made ranging from $1.4275 to $1.45. Butter unchanged at $2.2575. Five trades were made ranging from $2.2575 to $2.2675. Nonfat dry milk unchanged at $0.9750. Four trades were made ranging from $0.9650 to $0.975.
