Milk futures on the Chicago Mercantile Exchange closed lower Friday following the direction of most commodities pressured by rising interest rates. Cash markets were mixed as increasing cheese stocks are offset by rising demand.

October Class III milk down 56 cents at $20.90. November down 57 cents at $20.70. December down 75 cents at $20.43. January down 58 cents at $20.39. February through April contracts 10 to 51 cents lower.

Dry whey up $0.01 at $0.45.

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