On the Chicago Mercantile Exchange, Milk futures continued again lower Thursday ahead of a bearish milk production report and somewhat lower cash trade. December Class III milk down 14 cents at $15.63. January 49 cents lower at $15.64. February down 67 cents at $16.63. March 36 cents lower at $16.88. April through June contracts eight to 15 cents lower.
On the spot trade, Dry whey down $0.0075 at $0.4575. One sale was made at that price. Blocks unchanged at $1.65. Barrels down $0.0225 at $1.4350. Four trades were made ranging from $1.4350 to $1.44. Butter unchanged at $1.4525. Three trades were made at $1.44 and $1.4525. Nonfat dry milk up $0.0025 at $1.1525. Five trades were made at $1.15 and $1.1525.
(T1, D1)
