Market News
Milk futures, cash dairy higher
Milk futures on the Chicago Mercantile Exchange shifted higher Wednesday as traders corrected oversold positions.
January Class III milk up a penny at $16.14. February up 15 cents at $15.52. March nine cents higher at $16.65. April down five cents at $16.76. May through July contracts six to 10 cents higher.
Dry whey up $0.0125 at $0.51. Two sales were made at $0.50 and $0.51.
Blocks unchanged at $1.5925.
Barrels unchanged at $1.40.
Butter unchanged at $1.28. One sale was made at that price.
Nonfat dry milk up $0.0275 at $1.1650. fifteen sales were made ranging from $1.1475 to $1.1650.
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