Market News

Milk futures higher, cash dairy trade mixed

Milk futures on the Chicago Mercantile Exchange were higher Wednesday as traders took back oversold positions and cash trade was mixed.

October Class III milk up a penny at $17.87. November a dime higher at $18.84. December up 11 cents at $18.71. January up nine cents at $18.55. February through April contracts a penny lower to nine cents higher.

Dry whey up $0.0025 at $0.6225. One trade was made at that price

Blocks down $0.0150 at $1.7575.

Barrels up $0.0175 at $1.8475. Three trades were made at $1.94 and $1.9425.

Butter up $0.01 at $1.94. Three trades were made at that price.

Nonfat dry milk down $0.0175 at $1.5275. Three trades were made from $1.5275 to $1.5375.