On the Chicago Mercantile Exchange, milk futures dropped Thursday following the bearish monthly supply and demand report and limited cash trade. August Class III milk down two cents at $16.12. September down 32 cents at $16.92. October 24 cents lower at $17.26. November down 21 cents at $17.77. December through February contracts three to 11 cents lower.
On the spot market dry whey is unchanged at $0.52. One sale was made at that price. Blocks unchanged at $1.78. Barrels unchanged at $1.41. Butter down $0.01 at $1.67. Nonfat dry milk up to $0.0050 at $1.2650. Five sales were made from $1.26 to $1.2650.
(T2, D1)
