Market News

Milk futures down, cash dairy mostly higher Wednesday

May Class III milk futures on the Chicago Mercantile Exchange limit down 75 cents at $11.83.  June 54 lower at $13.26.  July through September three to 42 cents lower.

Dry whey up $0.01 at $0.34.

Blocks unchanged at $1.1275.

Barrels down $0.0350 at $1.0650.  Five trades were made, ranging from $1.0650 to $1.1125.

Butter up $0.0350 at $1.30.  Three trades made at $1.30.

Nonfat dry milk up $0.0050 at $0.9050.  Three trades were made, with a range of $0.9025 to $0.9050.