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Milk Futures Continue to Fall


On the Chicago Mercantile Exchange Milk futures closed lower Monday along with cash trade as the market continue to price correct. Class III milk continue to fall. July finished down 2 to $17.33, August was down 12 to $17.43 and September fell 10 to $17.62. The second half averaged at $17.40/cwt. Class IV milk was unchanged in July at $16.91, fell 4 cents in Aug to $17.02 and Class IV averaged $17.12/cwt

Dry whey down $0.0025 at $0.32. One trade was made at that price. Blocks down $0.0250 at $1.7625. Barrels down $0.0275 at $1.7125. Six trades were made ranging from $1.7125 to $1.7375. Butter up $0.0175 at $2.43. Five trades were made ranging from $2.4525 to $2.4375. Nonfat dry milk unchanged $1.0275. Two trades were made at $1.0250 and $1.0275.


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