Market News

Milk futures down, cash dairy mostly lower Wednesday

March Class III milk futures on the Chicago Mercantile Exchange settled two cents lower at $16.32.  April down seven at $16.01.  May through August contracts two to seven cents lower.

Dry whey unchanged at $0.3350. 

Blocks down $0.0025 at $1.76. 

Barrels down $0.02 at $1.5175. 

Butter up $0.0050 at $1.8650. 

Nonfat dry milk down $0.0050 at $1.1350.  Five trades made, ranging from $1.13 to $1.14.