On the Chicago Mercantile Exchange, milk futures and cash dairy prices were down on Thursday, with the exception of butter.
May Class III milk was $0.06 lower at $16.46. June’s price went down $0.28 to $16.91. July’s price went down $0.24 to $17.63. August was $0.13 lower at $18.41. Contracts from September to April varied from constant in April to seven cents lower in October.
Dry whey fell $0.0025 to $0.30. Two sales of $0.30 and $0.3025 were reported.
Cheese bricks down $0.0525 to $1.6175. Six sales ranged from $1.61 to $1.63.
Cheese barrels fell $0.0325 to $1.5050. Five sales ranged from $1.50 to $1.5050.
Butter was trading at $2.4075, up $0.0125. Although there were two bids, no sales were reported.
Nonfat dried milk fell $0.01 to $1.17. There were two sales at $1.17 and $1.1750.