On the Chicago Mercantile Exchange milk futures continued to trade in mixed territory as cash markets began to move more positive. Class III milk futures have continued their freefall lower, with June dropping 12 cents to $17.21/cwt. July milk added 1 nickel to $16.53/cwt. August fell 16 cents to $16.67/cwt. Both red and green were seen in class IV milk with most of the weakness seen in the fourth quarter.
Blocks and barrels turned around slightly in the CME Cash Dairy Product Trade. Blocks up $0.0150 at $1.49. Two sales were made at that price. Barrels up $0.02 at $1.49. One trade was made at that price. Dry whey up $0.0050 at $0.5950. Butter down $0.0175 at $1.73. Six sales were made from $1.72 to $1.7350. Nonfat dry milk unchanged at $1.2575. One trade was made at that price.
