On the Chicago Mercantile Exchange milk futures turned lower ahead of USDA’s Thursday dairy production report while cash was mostly higher. March Class III milk down 18 cents at $16.22. April down 25 cents at $17.69. May six cents lower at $18.09. June down three cents at $18.16. July through September contracts five cents lower to two cents higher.
On spot trade dry whey up $0.0150 at $0.58. Two sales were made at $0.575. and $0.58. Blocks up $0.04 at $1.69. Two sales were made at $1.67 and $1.69. Barrels up $0.0450 at $1.4650. Three trades were made ranging from $1.45 to $1.46. Butter down $0.0125 at $1.6775. Seven trades were made ranging from $1.6650 to $1.6775. Nonfat dry milk up $0.050 at $1.1775. Two trades were made at $1.1775 and $1.18.
