Milk futures on the Chicago Mercantile Exchange along with cash trade closed lower Thursday ahead of a bearish milk production report.

August Class III milk down 16 cents at $16.03. September down two cents at $17.11. October four cents lower at $17.08. November down four cents at $17.37. December through February contracts eight cents lower to unchanged.

Dry whey unchanged at $0.5275.

Blocks down $0.03 at $1.73.

Barrels down $0.0075 at $1.5050.

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