Milk futures lower and the cash dairy markets were steady to lower Thursday on the Chicago Mercantile Exchange.
December Class III milk was down $0.01 at $16.20. January was down $0.10 at $16.24. February was down $0.17 at $16.34. March was down $0.15 at $17.08. April through November contracts ranged from unchanged between June and the end of 2024 to eight cents lower in April.
Dry whey remained unchanged at $0.3950. One sale was recorded at that price.
Forty-pound cheese blocks were down $0.03 at $1.57. Three sales were recorded, ranging from $1.57 to $1.60.
Cheese barrels were down $0.0225 at $1.4950. Four sales were recorded, ranging from $1.4950 to $1.52.
Butter was unchanged at $2.46. One sale was recorded at that price.
Nonfat dry milk was down $0.0075 at $1.1650. Three sales were recorded, ranging from $1.1650 to $1.1725.
