On the Chicago Mercantile Exchange milk futures continued lower following the direction of cash trade Thursday. March Class III milk down nine cents at $16.26. April down seven cents at $17.34. May three cents lower at $17.90. June unchanged at $18.00. July through September contracts four cents lower to four cents higher.
On the spot market dry whey up $0.0075 at $0.6125. One trade was made at that price. Blocks unchanged at $1.80. Barrels down $0.0250 at $1.49. Four trades were made ranging from $1.49 to $1.4950. Butter unchanged at $1.71. Nonfat dry milk down $0.0050 at $1.1650. Two trades were made at $1.1650 and $1.1675.
(T1, D1)
