On the Chicago Mercantile Exchange milk futures closed lower at midweek pressured by declining world prices and limited cash trade. July milk futures down six cents at $17.31. August down eight cents at $17.82. September down seven cents at $17.91. October seven cents lower at $17.92. November through February contracts one to seven cents lower.
Dry whey down $0.0025 at $0.3275. Blocks down $0.01 at $1.85. Three trades were made ranging from $1.8425 to $1.85. Barrels unchanged at $1.78. Three trades were made at that price. Butter up $0.0050 at $2.4050. Two trades were made at that price. Nonfat dry milk down $0.0025 at $1.0450.