Market News

Milk futures, cash dairy higher

Milk futures on the Chicago Mercantile Exchange traded higher Wednesday, gaining support as grains moved lower and cash markets were higher.

April Class III milk unchanged at $17.64.  May up two cents at $19.22.  June up 12 cents at $19.64.  July up 22 cents at $19.80.  August through October contracts seven to 16 cents higher.

Dry whey up $0.0150 at $0.6750.  One sale was made at $0.66. 

Blocks up $0.0025 at $1.8025.  One sale was made at that price.

Barrels up $0.0150 at $1.8125.  Three sales were made at $1.80 to $1.81.

Butter up $0.0075 at $1.8050.  One sale was made at that price.

Nonfat dry milk unchanged at $1.31.