At the Chicago Mercantile Exchange milk futures continued lower Thursday while cash trade was mixed but active. Class 3 markets were down across the board trading anywhere from 3 to 25 cents lower with the most action in the front months. February was down 3 cents at 13.98, march fell 22 cents to 14.56 and April fell 25 cents to 14.46. May down 23 cents at $14.82. June through October contracts five to 13 cents lower. The First and Second half averages are now at 14.54 and 16.12. Class 4 markets were quiet on Thursday as only one month traded and the rest were unchanged. The only month that traded was may which lost 15 cents to 16.15.
Dry whey up $0.01 at $0.34. One trade was made at that price. Blocks down $0.0125 at $1.58. One trade was made at $1.5925. Barrels unchanged at $1.4350. Eight trades were made ranging from $1.4325 to $1.4350. Butter up $0.0125 at $2.25. Ten trades were made ranging from $2.2350 to $2.25. Nonfat dry milk down $0.0075 at $0.9850. Twenty-three trades were made at $0.9675 to $0.9825.
