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Milk Futures, Cash Dairy Lower

Milk futures on the Chicago Mercantile ended the week lower pressured somewhat by negative cash market movement.


February Class III milk down two cents at $16.99.  March down 11 cents at $17.01.  April eight cents lower at $17.06.  May down two cents at $17.12.  June through September contracts three to seven cents lower.


Dry whey down $0.0225 at $0.37.  Three trades were made at that price.  


Blocks down $0.0450 at $1.82.


Barrels unchanged at $1.5850.  Fifteen trades were made at that price.  


Butter unchanged at $1.80.  Twenty-four trades were made ranging from $1.80 to $1.8225.


Nonfat Dry milk down $0.0275 at $1.17.  Five trades were made at $1.17 and $1.1750.

--Brownfield AgNews