Market News

CME milk higher, cash dairy mixed Wednesday

Milk futures were up and cash dairy prices were mixed on the Chicago Mercantile Exchange Wednesday.

May Class III milk was up $.03 at $25.11.  June closed up $0.05 at $24.20.  July closed up $.12 at $24.45.  August was up $0.25 at $24.20.  September through March contracts ranged from ten to twenty-four cents higher.

Dry whey was up $.0050 at $0.50.  Three sales were recorded at that price.

Cheese Blocks closed down at $0.04. at $2.30.  One sale was recorded at that price.

Cheese Barrels were down $.03, closing at $2.30.  One sale was made at that price.

Butter was up $.01 at $2.8950.  Ten sales were made from $2.8850 to $2.90.

Nonfat dry milk was up $.0225 to $1.8425.  Eight sales were recorded from $1.82 to $1.8425.