Market News

Milk futures, cash dairy lower

Milk futures on the Chicago Mercantile Exchange were lower Wednesday pressured again by a lower cash market.  Weekly European prices were reported higher.

January class III milk futures closed down a penny at $13.98.  February down 16 cents at $13.97.  March down 27 cents at $14.22.  April down 28 cents at $14.60.  May through September contracts were nine to 29 cents lower.

Dry whey down $0.0450 at $0.42.  Four trades were made ranging from $0.42 to $0.4350.

Blocks down $0.0150 at $1.3750.  One trade was made at that price. 

Barrels down $0.0175 at $1.16.  Two trades were made at that price

Butter down $0.0125 at $2.22.  One trade was made at that price

Nonfat dry milk down $0.0250 at $0.99.  Three trades were made ranging from $0.9825 to $0.99.