Market News

Milk futures higher, cash dairy mixed again Wednesday

May Class III milk futures on the Chicago Mercantile Exchange up 14 cents to $11.18.  June also 14 higher to $12.33.  July through September contracts a penny to seven cents higher.

Dry whey steady at $0.3550.

Blocks down $0.01 at $1.00.  Four trades were made, with a range of $1.00 to $1.04.

Barrels up $0.0225 at $1.0325.  Seventeen trades made, ranging from $1.0325 to $1.0425.

Butter down $0.01 at $1.14.  Nineteen trades were made, with a range of $1.14 to $1.1750.

Nonfat dry milk unchanged at $0.85.