On the Chicago Mercantile Exchange milk futures had a big slide on Thursday following the first significant drop in cash cheese markets in some time. November Class III milk down 28 cents at $19.95. December down 58 cents at $19.09. January 26 cents lower at $17.81. February down 17 cents at $17.05. March through June contracts one to nine cents lower.
Dry whey up $0.0050 at $0.2825. Twenty-one sales were made ranging from $0.2775 to $0.2850. Blocks down $0.0775 at $2.07. One trade was made at that price. Barrels down $0.06 at $2.33. Seven trades were made at $2.3275 and $2.33. Butter down $0.0175 at $2.0375. Nonfat dry milk unchanged at $1.2050