On the Chicago Mercantile Exchange Class III milk futures continued their trend lower. August milk tumbled 48 cents to $20.19/cwt. September milk took a nosedive of 51 cents to $19.81/cwt. Class IV milk futures settled 5-34 cents lower.
Dairy products were lower Thursday in the CME spot dairy auction. Dry whey down $0.01 at $0.4450. Blocks down $0.0875 at $1.85. Two trades at $1.85 and $1.87. Barrels are down $0.1125 at $1.8450. Four trades were made, ranging from $1.8450 to $1.87. Butter down $0.0375 at $2.9550. Three trades, ranging $2.9450 to $2.9550. Nonfat dry milk is down $0.01 at $1.6550.
(T4, D2)
