Market News

Milk futures, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange were slightly higher Wednesday while cash markets were mixed following the cold storage report.

September Class III milk down two cents at $16.25.  October three cents higher at $18.45.  November up a penny at $18.17.  December 13 cents higher at $17.34.  January through March contracts one to nine cents higher.

Dry whey up $0.0150 at $0.3850.  Two trades were made at $0.3775 and $0.3850. 

Blocks down $0.06 at $2.54.  One trade was made at that price. 

Barrels down $0.0050 at $1.63. 

Butter down $0.10 at $1.52.  Six trades were made at $1.52 to $1.5375.

Nonfat dry milk up $0.0125 at $1.0850.  Two trades were made at $1.0750 and $1.0850.