Market News

Milk futures lower, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange corrected overbought positions Wednesday as gains taken following the supply and demand report were given back to the market.

November Class III milk down 31 cents at $23.50.  December 89 cents lower at $18.92.  January down 59 cents at $17.85.  February 22 cents lower at $17.01.  March through May contracts unchanged to 15 cents lower.

Dry whey up $0.0075 at $0.43.  One trade was made at that price. 

Blocks down $0.1225 at $2.17.  Four trades were made ranging from $2.1950 to $2.2925. 

Barrels down $0.1250 at $2.0850.  Nine trades were made at $2.0850 to $2.09. 

Butter up $0.0075 at $1.4375.  Eight trades were made ranging from $1.4125 and $1.4325.

Nonfat dry milk up $0.02 at $1.0975.  Five trades were made ranging from $1.0850 to $1.0975.