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CME milk futures, cash dairy steady to lower Thursday

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Milk futures and the cash dairy markets were steady to lower again Thursday on the Chicago Mercantile Exchange. 

April Class III milk was down $0.43 at $15.74.  May was down $0.23 at $16.25.  June was down $0.30 at $16.99.  July was down $0.27 at $17.77.  

August through February contracts ranged from unchanged in January and February to twenty-seven cents lower in September.  Thursday’s Class III trade volume was higher with 2,232 contracts. 

Dry whey was unchanged at $0.4050.  No sales were recorded. 

Forty-pound cheese blocks were down $0.0525 at $1.3975. 

CME milk futures, cash dairy steady to lower Thursday