Market News

Milk futures lower, cash dairy steady to lower Wednesday

On the Chicago Mercantile Exchange, Class III milk futures for October closed down 13 cents at $15.81.  November down 25 at $16.04.  The December contract 15 cents lower at $15.98.  The January through April contracts were down 9 to 13 cents.

In the cash trade, Barrels finished steady at $1.3850 Wednesday.  Three loads sold, ranging from $1.3925 to $1.3975.

Blocks were down four cents at $1.67.  Three trades were made, ranging from $1.67 to $1.69.

Butter finished a half cent lower at $2.33.

Dry weigh closed steady at $0.56.

And there was no change on nonfat dry milk, as it settled again at $0.8750.