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Milk Futures, Cash Dairy Mostly Lower

Milk futures on the Chicago Mercantile turned lower Thursday while cash markets provided little direction.


February Class III milk down two cents at $17.01.  March down 17 cents at $17.12.  April 28 cents lower at $17.14.  May down 28 cents at $17.14.  June through September contracts 20 to 25 cents lower.


Dry whey down $0.0025 at $0.3925.  


Blocks unchanged at $1.8650.  One sale was made at that price.


Barrels up $0.0250 at $1.5850.  Five trades were made at $1.57 and $1.5850.


Butter unchanged at $1.80.


Nonfat Dry milk down $0.0275 at $1.1975.  Four trades were made at $1.1950 and $1.1975.