Milk futures were lower and the cash dairy markets were steady to higher Thursday on the Chicago Mercantile Exchange.
April Class III milk was down $0.08 at $15.56. May was down $0.09 at $15.96. June was down $0.13 at $16.64. July was down $0.13 at $17.39.
August through February contracts ranged from two cents lower in February to fifteen cents lower in September. Thursday’s Class III trade volume was 2,081 contracts.
Dry whey was unchanged at $0.4025. No sales were recorded.
Forty-pound cheese blocks were up $0.01 at $1.4175. Six sales were recorded, ranging from $1.4050 to $1.4175.
Cheese barrels were up $0.0075 at $1.4275. Seven sales were recorded, ranging from $1.4175 to $1.4250.
Butter was up $0.0025 at $2.8425. Four sales were recorded, ranging from $1.8350 to $1.84.
Nonfat dry milk was unchanged at $1.12. One sale was recorded at that price.
CME milk futures lower, cash dairy steady to higher Thursday
