Milk futures on the Chicago Mercantile Exchange closed lower Wednesday pressured by declines seen in the cash cheese market.
February Class III milk a penny lower at $15.63. March down 18 cents at $16.52. April down 14 cents at $17.12. May three cents lower at $17.47. June through August contracts a penny lower to five cents higher.
Dry whey up $0.0075 at $0.55. Two sales were made at $0.5450 and $0.55.
Blocks down $0.0275 at $1.53. Four trades were made at $1.53 and $1.5475.
Barrels were down $0.05 at $1.44. Eleven trades were made at that price.
Butter up $0.04 at $1.4950. Two trades were made at $1.4750 and $1.4925.
