On the Chicago Mercantile Exchange milk futures traded mixed Thursday with little cash direction to provide support. Both red and green were seen in class III futures with the trade being relatively quiet as of late. June gained 1 to $17.33/cwt. July lost 6 cents to $17.83/cwt. August added 14 cents to $18.48/cwt. Class IV milk futures declined 25-35 cents in August and September.
On the CME Cash Dairy Product Trade barrels up $0.0025 at $1.5925. Butter down $0.0150 at $1.79. Nine trades were made from $1.7875 to $1.80. Nonfat dry milk down $0.0350 at $1.26. Three trades were made at $1.26 and $1.27. Dry whey unchanged at $0.6025. Blocks unchanged at $1.5050.
(T1, D1)
