Class III milk futures for October closed down 13 cents at $15.81 at the Chicago Mercantile Exchange on Wednesday. October closed down 13 cents at $15.79 per cwt. November dropped 29 cents while December settled 21 cents lower. The 4th quarter 2018 average now stands at $15.90 per cwt. The January through April contracts were down 9 to 13 cents.
In the cash trade, Barrels finished steady at $1.3850 Wednesday. Three loads sold, ranging from $1.3925 to $1.3975. Blocks were down four cents at $1.67. Three trades were made, ranging from $1.67 to $1.69. Butter finished a half cent lower at $2.33. Dry weigh closed steady at $0.56. And there was no change on nonfat dry milk, as it settled again at $0.8750.
