Milk futures were lower and the cash dairy markets were mixed Friday on the Chicago Mercantile Exchange.
March Class III milk was down $0.04 at $16.43. April was down $0.24 at $16.01. May was down $0.34 at $16.42. June was down $0.33 at $17.23.
July through January contracts ranged from unchanged in October to twenty-six cents lower in July. Friday’s Class III trade volume was lower, with 1,964 contracts.
Dry whey was up $0.0050 at $0.4450. No sales were recorded.
Forty-pound cheese blocks were down $0.0025 at $1.47. Four sales were recorded, ranging from $1.4575 to $1.4725.
Cheese barrels were up $0.01 at $1.4425. Three sales were recorded, ranging from $1.4375 to $1.4425.
Butter was down $0.0250 at $2.8225. No sales were recorded.
Nonfat dry milk remained unchanged at $1.1625. No sales were recorded.