On the Chicago Mercantile Exchange milk futures were limit down Thursday as negative cash markets overhung the market. July Class III milk down four cents at $16.75. August down 75 cents at $19.98. September 75 cents lower at $17.31. October down 46 cents at $18.04. November through January contracts 20 to 42 cents lower.
On the spot trade, dry whey up $0.0150 at $0.5350. Blocks down $0.0925 at $1.6450. Barrels down $0.0950 at $1.50. One sale was made at that price. Butter down $0.0250 at $1.6850. One sale was made at that price. Nonfat dry milk down $0.0050 at $1.2350. Two sales were made at $1.2350 and $1.2375.
