Market News

Milk futures higher, cash dairy mostly steady Wednesday

September Class III milk futures on the Chicago Mercantile Exchange closed 34 cents higher at $20.21.  October up 42 at $20.84.  November milk 50 higher at $21.23.  December through February contracts 24 to 58 cents higher.

Dry whey down $0.0050 at $0.44.

Blocks unchanged at $1.82.

Barrels steady at $1.88.

Butter up $0.0075 at $2.9675.  Twelve trades were made, ranging from $2.96 to $2.9850.

Nonfat dry milk up $0.0350 at $1.4950.