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Milk Futures Lower, Cash Dairy Trade Mixed

Milk futures on the Chicago Mercantile Exchange ended the week lower pulling back from earlier week gains while cash trade was mostly higher.

October Class III milk down three cents at $17.87. November 30 cents lower at $19.61. December down 21 cents at $19.43. January down four cents at $18.77. February through April contracts two cents lower to a penny higher.

Dry whey up $0.0075 at $0.6175.

Blocks up $0.05 at $1.81. One trade was made at that price.

Barrels up $0.0025 at $1.8625. Eight trades were made from $1.86 to $1.8625.

Butter down $0.01 at $1.8350. Three trades were made at that price.

Nonfat dry milk up $0.01 at $1.5375. One trade was made at that price.

The USDA says total natural cheese and other cheese categories again set new records this past month.

Cheese stocks during September set another record at more than 1.4 billion pounds, up two percent on the month and eight percent on the year. Other types of cheese also set another stocks record with a majority of inventories housed in the East North Central region which includes Illinois, Indiana, Michigan, Ohio and Wisconsin.

Butter inventories were down nine percent from the previous month and four percent from last year at nearly 311 million pounds.

--Brownfield AgNews