On the Chicago Mercantile Exchange milk futures continued lower Thursday as markets dropped back into the $23 range with cash trade under pressure. March Class III milk was down 12 cents at $22.42. April 37 cents lower at $23.89. May down 37 cents at $23.88. June 37 cents lower at $23.83. July through September five to 35 cents lower.
In spot trade, barrels down $0.0150 at $2.07. Butter down $0.0850 at $2.6925. Eleven sales were made from $2.6925 to $2.71. Nonfat dry milk down $0.0075 at $1.8375. Two sales were made at $1.8375 and $1.84. Dry whey unchanged at $0.7575. Blocks unchanged at $2.2325.
(T3, D1)
