Market News

Milk futures lower, cash dairy steady to lower Wednesday

Class III milk futures at the Chicago Mercantile Exchange closed down three to eight cents while cash dairy finished steady to lower Wednesday.

June milk closed down three cents at $15.37.  July fell $0.08 to $15.75.  August milk weakened six cents to $16.35.  And September futures were down a nickel at $16.71.  The October through January contracts were three to four cents lower at the close.

Grade AA butter down $0.0125 at $2.3575 Wednesday.

Blocks unchanged Wednesday at $1.64.

Barrels steady at $1.54.

Nonfat dry milk down $0.0075 at $0.78.

Dry weigh down $0.0075 at $0.41.  One trade at $0.41.