On the Chicago Mercantile Exchange milk futures were down and cash dairy prices were mixed Thursday. Class III milk futures were lower out of the gate today and never recovered. October milk slipped 41 cents to $19.48/cwt. November milk fell 43 cents to $20.28/cwt. Class IV milk futures trended lower as well.
Spot butter gained 3.75 cents to $3.0925/lb, the third highest level ever. Six sales were recorded from $3.09 to $3.0925. Cheese blocks were up $0.01 closing at $1.7350. No sales were recorded. Cheese Barrels were unchanged at $1.85. No sales were recorded. Dry whey was down $0.0050 to $0.47. No sales were recorded. Nonfat dry milk closed down $0.03 at $1.52. Two sales were recorded at that price.
(T5, D1)
