Market News

Milk futures rebound, but cash dairy can’t Wednesday

May Class III milk futures on the Chicago Mercantile Exchange up 38 cents to $13.12.  June 50 higher at $13.56.  July through September contracts 37 to 55 cents higher.

Dry whey steady at $0.33.

Blocks down $0.02 to $1.31. 

Barrels down $0.03 to $1.1750.

Butter down $0.0250 to $1.31.  Five trades were made, ranging from $1.31 to $1.3225.

Nonfat dry milk down $0.01 at $0.8750.  Eleven trades made, with a range of $0.86 to $0.88.