At the Chicago Mercantile Exchange milk futures were mixed. Class III Milk was mixed with July up a penny to 16.54, Aug up 4 to 16.61 but September fell 12 to 16.66/cwt. The balance of the year was 3 higher to 17 cents lower. Class IV milk followed the weakness in butter. July was unchanged at 15.96, August fell 15 cents to 15.53, and September fell 10 cents to 15.45/cwt.
The CME spot trade had xash cheese barrels were up $.015 at $1.4175 and 40-pound blocks were $.0425 higher at $1.6275. Double A butter was $.04 lower at $1.655. Grade A nonfat dry milk was up $.0025 at $1.255. Extra grade dry whey was down $.0075 at $.53.
(T2, D1)
