Market News

Milk futures higher, cash dairy trade mixed

Milk futures on the Chicago Mercantile Exchange closed higher at midweek as trader optimism lifted markets.

October Class III milk up a nickel at $17.96. November a dime higher at $19.32. December up nine cents at $19.05. January up eight cents at $18.33. February through April contracts seven to nine cents higher.

Dry whey unchanged at $0.60.

Blocks unchanged at $1.75.

Barrels unchanged at $1.81.

Butter up $0.0275 at $1.80. Five trades were made from $1.80 to $1.81.

Nonfat dry milk down $0.01 at $1.52. Two trades were made at $1.51 to $1.52.