Market News

Milk futures, cash dairy trade mostly lower

Milk futures on the Chicago Mercantile Exchange ended lower Wednesday pressured by mostly lower cash markets while butter saw large gains.

January Class III milk was unchanged at $20.23. February 31 cents lower at $21.31. March down 16 cents at $22.32. April down 23 cents at $21.94. May through July 16 to 26 cents lower.

Dry whey unchanged at $0.78.

Blocks down $0.0350 at $1.8450.

Barrels down $0.05 at $1.9050.

Butter up $0.1025 at $2.8825. Eight trades were made from $2.8675 to $2.90.

Nonfat dry milk unchanged at $1.85.