Market News

Milk futures higher, cash dairy mixed Wednesday

On the Chicago Mercantile Exchange, June Class III milk futures settled 41 cents higher at $17.93.  July up 29 at $17.15.  August through October contracts closed two higher to nine cents lower.

Dry whey down $0.02 at $0.32.  Fourteen trades were made, with a range of $0.32 to $0.3350.

Blocks up $0.0850 at $2.0475. 

Barrels up $0.0150 at $1.9250.  Twelve trades made, ranging $1.8875 to $1.92.

Butter down $0.0025 at $1.5775. 

Nonfat dry milk unchanged at $1.0250.