Milk futures on the Chicago Mercantile Exchange closed lower Wednesday as declining cash cheese trade from the week caught up with futures.
March Class III milk 12 cents lower at $16.28. April down three cents at $17.86. May seven cents lower at $18.33. June down a nickel at $18.25. July through September contracts three to a dime lower.
Dry whey down $0.0025 at $0.5925. One sale was made at that price.
Blocks unchanged at $1.75.
Barrels unchanged at $1.50.
Butter up $0.03 at $1.71. Four trades were made ranging from $1.69 to $1.71.
