On the Chicago Mercantile Exchange milk futures closed lower Thursday as concerns over increasing feed costs linger. Class III milk was equally ho hum. July fell 14 to 16.77, Aug down 29 to 16.84, and September fell 6 cents to 17.28. Class IV milk was unchanged in July at 16.13, August fell 8 cents to 16.09, and September held unchanged at 16.33/cwt.
Thursday saw the CME spot trade lack volume. Dry whey down $0.01 at $0.55. One sale was made at $0.57. Blocks unchanged at $1.5525. Barrels down $0.0175 at $1.4850. Two trades were made at $1.4850 and $1.49. Butter unchanged at $1.74. Nonfat dry milk down $0.0150 at $1.2450. One trade was made at that price.
(T1, D1)
