On the Chicago Mercantile Exchange milk futures continued to slide Wednesday with a major sell off for February contracts pressured somewhat by negative cash cheese trade. January Class III milk down four cents at $16.18. February down $1.35 at $17.13. March 83 cents lower at $17.78. April down 62 cents at $17.60. May through July contracts 12 to 29 cents lower.
On the spot market dry whey unchanged at $0.5350. Blocks down $0.07 at $1.73. Barrels down $0.12 at $1.44. One sale was made at that price. Butter up $0.05 at $1.4550. Four trades were made ranging from $1.42 to $1.4550. Nonfat dry milk down $0.0150 at $1.20. One sale was made at that price.
(T1, D1)
