Milk futures on the Chicago Mercantile Exchange closed lower Thursday as concerns over increasing feed costs linger.

July Class III milk down 14 cents at $16.77. August down 29 cents at $16.84. September down six cents at $17.28. October down eight cents at $18.03. November through January contracts two cents lower to two cents higher.

Dry whey down $0.01 at $0.55. One sale was made at $0.57.

Blocks unchanged at $1.5525.

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