On the Chicago Mercantile Exchange milk futures were continued trailing lower Thursday as did cash trade. Class III milk futures were sharply lower following the product trade. August fell 4 cents while September was walloped losing 32 cents, October was down 16 and November dropped 9 cents. 2020 markets ranged from a penny softer to 9 lower. Class IV had similar trade as September finished 4 cents lower, October lost 15 and November was down 9 cents per cwt.
Dry whey down $0.0050 at $0.3950. Blocks down $0.0250 at $1.88. Three trades were made at $1.8750 to $1.90. Barrels down $0.0150 at $1.6650. Seven trades were made ranging from $1.6650 to $1.6725. Butter down $0.0225 at $2.29. Two trades were made ranging at $2.29 and $2.31. Nonfat dry milk down unchanged at $1.0275. Three trades were made ranging from $1.02 to $1.0275.
