On the Chicago Mercantile Exchange milk futures closed lower Wednesday pressured by declines seen in the cash cheese market. February Class III milk a penny lower at $15.63. March down 18 cents at $16.52. April down 14 cents at $17.12. May three cents lower at $17.47. June through August contracts a penny lower to five cents higher.
On the CME spot trade, dry whey up $0.0075 at $0.55. Two sales were made at $0.5450 and $0.55. Blocks down $0.0275 at $1.53. Four trades were made at $1.53 and $1.5475. Barrels were down $0.05 at $1.44. Eleven trades were made at that price. Butter up $0.04 at $1.4950. Two trades were made at $1.4750 and $1.4925. Nonfat dry milk down $0.0050 at $1.11. Four trades were made ranging from $1.1025 to $1.11.
