On the Chicago Mercantile Exchange milk futures continued to slide Thursday pressed in part by a lower cash market. Class III milk values struggled with the weightiness of the cheddar block and barrel trade. November milk lost 9 cents while December weakened 47 cents/cwt. December milk touched a low Thursday of $17.86/cwt. January prices experienced a 32 cent drop while February and onward ranged from 12 softer to 8 stronger.
On the spot trade Dry whey unchanged at $0.43. Blocks down $0.09 at $2.07. Five trades were made at $2.08 and $2.15. Barrels down $0.1850 at $1.90. Four trades were made at that price. Butter down $0.0025 at $1.4350. One trade was made at that price. Nonfat dry milk unchanged at $1.0975. Two trades were made at $1.0950 and $1.0975.
