On the Chicago Mercantile Exchange milk futures continued this week’s trend lower Thursday, while cash markets were mixed and lightly traded. Class III milk prices lost 3 to 7 cents in 2019 with the exception of September closing unchanged. 2020 prices also fell ranging from 5-15 cents softer January through July 2020. Class IV milk watched the five remaining months decline 7-17 cents per cwt.
CME spot product markets had Dry whey unchanged at $0.34. One trade was made at that price. Blocks unchanged at $1.82. Barrels down $0.0050 at $1.6925. Eight trades were made ranging from $1.6925 to $1.70. Butter unchanged at $2.3450. Nonfat dry milk down $0.0150 at $1.02. Two trades were made at that price.