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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