Milk futures on the Chicago Mercantile Exchange took a strong swing to the lower side Wednesday as cheese markets descended, and traders took back overbought positions.

September Class III milk up a penny at $16.27.  October $1.23 lower at $18.42.  November down 82 cents at $18.16.  December 43 cents lower at $17.21.  January through March contracts unchanged to 20 cents lower.

Dry whey up $0.0075 at $0.37.  Two trades were made at $0.3675 and $0.37. 

Blocks down $0.0475 at $2.60.  Two trades were made at $2.60 and $2.6475. 

Barrels unchanged at $1.6350. 

Butter up $0.0075 at $1.62.  One trade was made at that price. 

Nonfat dry milk down $0.0075 at $1.0725.

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