At the Chicago Mercantile Exchange milk futures closed lower Thursday as cash prices weakened. Class III finished the day down $0.06-.17 with the first half average finishing at $14.90 per cwt. and July – Dec at $16.44. January class III milk futures closed down six cents at $14.00. February down 13 cents at $14.14. March down 19 cents at $14.63. April down 15 cents at $15.14. May through September contracts were nine to 16 cents lower. Class IV followed moving down $0.14-27 per cwt. across all months except February.
Dry whey down $0.0050 at $0.52 cents. Blocks down $0.03 at $1.3875. Barrels down $0.0150 at $1.1850. Butter down $0.0225 at $2.24. Four trades were made ranging from $2.2325 to $2.2525.
