Market News

CME milk futures up, cash dairy steady Wednesday

Milk futures recovered some from losses early in the week, and cash dairy prices were mostly steady on the Chicago Mercantile Exchange Wednesday.  

January Class III milk was up $.02 at $17.06.  February was up $.25 at $17.64. March was up $.25 at $17.98.  April was up $.23 at 17.82. The milk futures from May through next December ranged from four to twenty-two cents higher.

Dry whey was up $.01 at $.3850 cents per pound.  One sale was recorded at that price.

Forty-pound blocks were unchanged at $1.92 per pound. There were no sales recorded.

Barrels were unchanged at $1.59 per pound.  There were no sales recorded.

Grade AA Butter was up $.0325 at $1.8075 per pound.  Nine sales were recorded from $1.7825 to $1.8150.

Nonfat dry milk was down $.0075 at $1.2675 per pound.  Seven sales were recorded from $1.2675 to $1.2750.