On the Chicago Mercantile Exchange milk futures continued lower Thursday pressured by declining cash trade. April Class III milk down five cents at $17.65. May down 48 cents at $19.68. June down 37 cents at $18.82. July down 40 cents at $18.89. August through October contracts 16 to 27 cents lower.
On spot trade dry whey down $0.0225 at $0.66. One sale was made at that price. Blocks down $0.02 at $1.7750. Five sales were made at that price. Barrels down $0.01 at $1.7950. Ten sales were made from $1.7775 to $1.7950. Butter down $0.0525 at $1.74. Eight sales were made from $1.73 to $1.7450. Nonfat dry milk up $0.0125 at $1.2525. Two sale was made at $1.25 and $1.2525.
(T4, D1)
