Class III milk futures at the Chicago Mercantile Exchange were lower, pressured by USDA expectations for higher milk production and lower cheese prices. March was down $.08 at $15.74, April was $.27 lower at $15.61, May was down $.29 at $15.76, and June was $.24 lower at $16.10.
Cash cheese blocks were $.0125 lower at $1.385. There were five loads sold, including one at $1.385 and three at $1.39. Barrels held at $1.40.
Continue reading Milk futures lower, cash dairy mostly steady at Brownfield Ag News.
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