Market News
Milk futures higher, cash dairy mixed
Milk futures on the Chicago Mercantile Exchange were mostly higher Wednesday supported by a return in positive cash cheese prices.
August Class III milk up 14 cents to $19.53. September six cents lower at $16.29. October 10 cents higher at $16.82. November up seven cents at $16.72. December through February contracts four cents lower to two cents higher.
Dry whey unchanged at $0.31.
Blocks up $0.0250 at $1.6050. Four trades were made ranging from $1.60 to $1.6050.
Barrels up $0.02 at $1.4650. Thirteen trades were made ranging from $1.4450 to $1.48.
Butter down $0.0475 at $1.4750. Nine trades were made ranging from $1.47 to $1.4850.
Nonfat dry milk up $0.0025 at $0.9425. Fourteen trades were made at $0.94 and $0.9425.
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