Market News

Milk futures, cash dairy mostly lower

Milk futures on the Chicago Mercantile closed lower Wednesday while cash trade was mostly inactive.

February Class III milk down a penny at $16.97.  March down 24 cents at $16.77.  April 31 cents lower at $16.85.  May down 21 cents at $17.03.  June through September contracts seven to 15 cents lower.

Dry whey unchanged at $0.37. 

Blocks unchanged at $1.81. 

Barrels unchanged at $1.5850. 

Butter down $0.02 at $1.7750. 

Nonfat dry milk down $0.0050 at $1.1950.  Eight trades were made ranging from $1.1875 to $1.2050.