On the Chicago Mercantile Exchange, milk futures pulled back from earlier week gains Thursday ahead of the USDA’s dairy product report. January Class III milk down a quarter at $20.41. February 68 cents lower at $21.67. March 70 cents lower at $21.05. April down 60 cents at $20.74. May through July 32 to 58 cents lower.
In spot trade, blocks down $0.0150 at $2.05. Barrels unchanged at $1.8725. Butter up $0.0325 at $2.7425. Ten trades were made at $2.74 and $2.7425. Nonfat dry milk is unchanged at $1.6675. Dry whey unchanged at $0.7525.
(T1, D1)
