Milk futures lower, cash cheese steady

Milk futures lower, cash cheese steady

Class III milk futures at the Chicago Mercantile Exchange Wednesday
were lower on profit taking and demand uncertainties. August was down $.07 at
$17.50 and September was $.10 lower at $17.80, while October was down $.08 at
$17.80 and November was $.10 lower at $17.50.

Cash cheese blocks were steady at $1.8675 and barrels were unchanged
at $1.71. The last uncovered offer on barrels was for one load at $1.73.

Nonfat dry milk was $.0025 higher at $1.025.

Continue reading Milk futures lower, cash cheese steady at Brownfield Ag News.