Market News

Milk futures mostly lower, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange closed mostly lower Wednesday while European prices improved.

January class III milk futures closed up a penny at $14.06.  February down seven cents at $14.27.  March down 11 cents at $14.82.  April down 11 cents at $15.29.  May through September contracts were five to nine cents higher.

Dry whey up $0.0150 at $0.5250 cents.  Six trades were made at $0.5025 and $0.5250.

Blocks unchanged at $1.4175. 

Barrels down $0.01 at $1.20.  Four trades were made ranging from $1.1975 to $1.20.

Butter up $0.0050 at $2.2625.  Three trades were made at $2.2575.

Nonfat dry milk up $0.0150 at $1.03.  Four trades were made ranging from $1.03 to $1.0425.