On the Chicago Mercantile Exchange Dairy Markets Unlucky, Class IV Taking the Hardest Hit. Class III milk was not a pot of gold and continued its trend downward today. April milk lost 1 penny to $15.99 per cwt. May milk fell 17 cents to $15.42 per cwt. July-December milk dropped 16-30 cents and is now averaging $16.24 per cwt. Class IV milk was absolutely shamrocked today. April milk lost 36 cents to $14.10 per cwt. May fell 50 cents to $13.91 per cwt. July-December milk was hit hard, dropping 35-57 cents per cwt and is now averaging $15.02 per cwt.
Dry whey unchanged at $0.3250. Blocks steady at $1.8725. Barrels unchanged at $1.50. Butter down $0.325 at $1.74. Five trades were made, ranging from $1.7350 to $1.75. Nonfat dry milk down $0.02 at $1.0050. Ten trades made, with a range of $0.9950 to $1.0050.