On the Chicago Mercantile Exchange, milk futures were down and cash dairy prices were mostly lower Thursday. Class III milk futures were taken lower after the bearish Cold Storage Report. July milk lost 60 cents to $22.95/cwt. August milk declined 48 cents to $23.64/cwt. Class IV prices were mixed.
In the CME spot dairy auction, Dry whey was down $0.0275 at $0.47. Six sales were recorded from $0.47 to $0.4975. Cheese Blocks were unchanged for the third day at $2.10. No sales were made. Cheese Barrels were also unchanged for the third day at $2.17. No sales were made. Butter was down $0.01 to $2.95.50. Six trades were recorded from $2.92 to $2.9550. Nonfat dry milk was down $0.0150 at $1.7950. Three sales were recorded from $1.7925 to $1.80.
