Market News

Milk futures lower, cash dairy mixed Wednesday

Class III milk futures on the Chicago Mercantile Exchange drifted lower Wednesday, although the spot October contract settled unchanged at $18.65.  November down nine cents at $19.01.  December closed seven cents lower at $18.31.  January through March milk futures two to seven cents lower.

Dry whey up $0.0025 at $0.29.  Twelve trades were made, ranging from $0.29 to $0.2925.

Blocks up $0.0075 at $2.11.  Three trades made, ranging $2.1025 to $2.11.

Barrels unchanged at $2.1050. 

Butter down $0.03 at $2.06. 

Nonfat dry milk steady at $1.1650.