On the Chicago Mercantile Exchange milk futures closed lower Thursday while cash trade was mostly inactive. Class III milk gave back some of its recent gains. July fell 2 cents to 17.35, Aug down 6 to 17.69 and our second half months saw losses of 2-6 cents with an average at $17.63/cwt.
The CME spot product trade was much quieter. Dry whey unchanged at $0.3225. One trade was made at that price. Blocks unchanged at $1.83. Barrels unchanged at $1.7675. Butter up $0.0025 at $2.41. One trade was made at that price. Nonfat dry milk down $0.0075 at $1.03. Two trades were made at $1.03.