Market News

Milk futures higher, cash dairy steady to higher Wednesday

June Class III milk futures on the Chicago Mercantile Exchange up 23 cents to $19.83.  July 42 higher at $18.68.  August through October contracts up 16 to 26 cents.

Dry whey up $0.0175 at $0.3275.  Five trades were made, ranging from $0.3250 to $0.33.

Blocks unchanged at $2.5050. 

Barrels up $0.0975 at $2.31.  Three trades, ranging $2.26 to $2.31.

Butter up $0.0050 at $1.7250. 

Nonfat dry milk $0.0025 higher at $1.0175.