Market News

Milk futures higher, cash dairy mostly lower

Milk futures on the Chicago Mercantile Exchange turned higher Wednesday as traders worked to correct oversold positions, cash markets were mostly lower.

August Class III milk up 27 cents to $19.55.  September 33 cents higher at $17.00.  October 53 cents higher at $17.34.  November up 76 cents at $17.22.  December through February contracts 34 to 60 cents lower.

Dry whey down $0.01 at $0.32.  Eight sales were made ranging from $0.3250 to $0.3325. 

Blocks down $0.1150 at $1.8150.  Nine sales were made ranging from $1.8025 to $1.82.

Barrels down $0.1725 at $1.6425.  Nine trades were made at $1.62 to $1.6425.

Butter down $0.1150 at $1.54.  Three trades were made ranging from $1.5225 to $1.54.

Nonfat dry milk up $0.0275 at $0.9725.  One trade was made at that price.