At the Chicago Mercantile Exchange class III milk futures closed mixed Thursday with a stagnant cash trade and slightly larger milk supply weighing on the market. The average from now through December finished unchanged at $16.13 while the first half average of rose 3 cents to $15.91. September milk closed unchanged at $16.14. October was down nine cents at $16.02. November up three cents at $16.27. December up seven cents at $16.10. January through next August contracts closed a penny lower to three cents higher. Class IV markets soften with the average from now through the end of the year dropping 6 cents to $15.04.
Butter closed unchanged at $2.3050. Nine trades were made ranging from $2.30 to $2.3125. Barrels unchanged at $1.39. Two trades were made at that price. Blocks remained unchanged $1.6150. Nonfat dry milk closed down $0.01 at $0.8725. Three trades were made ranging from $0.85 to $0.8725. Dry whey remained unchanged at $0.5250.
