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Milk Futures Turn Lower Ahead of USDA Production Report Thursday in Chicago


On the Chicago Mercantile Exchange milk futures turned lower ahead of USDA’s Thursday dairy production report while cash was mostly higher. March Class III milk down 18 cents at $16.22.  April down 25 cents at $17.69.  May six cents lower at $18.09.  June down three cents at $18.16.  July through September contracts five cents lower to two cents higher.

On spot trade dry whey up $0.0150 at $0.58.  Two sales were made at $0.575. and $0.58.   Blocks up $0.04 at $1.69.  Two sales were made at $1.67 and $1.69. Barrels up $0.0450 at $1.4650.  Three trades were made ranging from $1.45 to $1.46.  Butter down $0.0125 at $1.6775.  Seven trades were made ranging from $1.6650 to $1.6775. Nonfat dry milk up $0.050 at $1.1775.  Two trades were made at $1.1775 and $1.18.


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