At the Chicago Mercantile Exchange Class III milk futures closed mixed Thursday as cash prices remain flat to slightly lower. The USDA reports bi-weekly skim milk powder prices remain relatively flat on the international market while cheese and butter continue to see gains. April milk closed up $0.01 at $14.41. May closed down $0.04 at $14.64. June milk was down $0.04 at $15.02. July milk down $0.02 at $15.55. The rest of the 2018 milk futures closed unchanged to two cents higher.
Grade AA Butter was down $0.02 at $2.30. Barrels were down $0.0175 at $1.46. Eleven loads sold ranging from $1.46 to $1.4775. 40 # blocks were down $0.02 at $1.62. Nonfat dry milk remained unchanged at $0.7350. Dry whey was unchanged at $0.3050 cents.
