Market News

Milk futures mostly higher, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange turned higher Wednesday correcting oversold positions and supported somewhat by improving cash trade.

February Class III milk down five cents at $15.59.  March up 17 cents at $16.03.  April 20 cents higher at $16.65.  May 21 cents higher at $17.25.  June through August contracts five to 25 cents higher.

Dry whey down $0.0025 at $0.5450. 

Blocks up $0.02 at $1.59.  One sale was made at that price.

Barrels unchanged at $1.3825. 

Butter down $0.0225 at $1.4650.  One sale was made at that price.

Nonfat dry milk up $0.0050 at $1.0950.  One sale was made at that price.