Market News

Milk futures, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange twisted higher Wednesday correcting oversold positions while cash traded on both sides of the aisle.

January Class III milk down eight cents at $16.31.  February up 22 cents at $18.90.  March 16 cents higher at $18.48.  April up 20 cents at $18.13.  May through July contracts seven to 13 cents higher.

Dry whey up $0.01 at $0.51.  Two sales were made at $0.5050 and $0.51. 

Blocks down $0.0475 at $1.91. 

Barrels down $0.07 at $1.58.

Butter down $0.0225 at $1.2875.  Three trades were made ranging from $1.2850 to $1.29. 

Nonfat dry milk up $0.0025 at $1.1875.  Two sales were made at $1.1850 and $1.1875.