Milk futures and the cash dairy markets closed the week lower Friday except for butter on the Chicago Mercantile Exchange.
December Class III milk was down $0.05 at $16.15. January was down $0.34 at $15.90. February was down $0.20 at $16.14. March was down $0.30 at $16.78. April through November contracts ranged from fourteen cents lower in April to four cents higher in November, and November was the only month with a gain in value.
Dry whey remained unchanged for a third day at $0.3950. No sales were recorded.
Forty-pound cheese blocks were down $0.05 at $1.52. Two sales were recorded at $1.52 and $1.53.
Cheese barrels were down $0.0450 at $1.45. Eleven sales were recorded, ranging from $1.4450 to $1.4950.
Butter was up $0.03 at $2.49. Two sales were recorded at $2.47 and $2.49.
Nonfat dry milk was down $0.0050 at $1.16. One sale was recorded at that price.
