At the Chicago Mercantile Exchange Class III milk futures closed mostly lower Thursday for the third straight day pressured by negative international prices. The average price from now through the end of the year finishes at $15.82 per cwt, down a nickel from Wednesday, the 2019 average, however, move the penny higher to $16.10. Class IV markets were mostly neutral with the average from now through the end of the year finishing unchanged at $15.28 while the average rose a penny as well to $16.17.
Blocks were up $0.0325 at $1.5725. Barrels closed up $0.0275 at $1.4575. Ten trades were made ranging from $1.44 to $1.46. Nonfat dry milk closed down $0.0075 at $0.8325. One trade was made at $0.83. Butter closed unchanged at $2.32. Dry whey also closed unchanged at $0.4325.
