Milk futures and the cash dairy markets were mostly lower Wednesday on the Chicago Mercantile Exchange.
March Class III milk was up $0.01 at $16.53, but all other months were down. April was down $0.25 at $16.00. May was down $0.35 at $16.51. June was down $0.22 at $17.22.
July through January contracts ranged from unchanged in January to seventeen cents lower in October and December. Wednesday’s Class III trade volume was 2,970 contracts.
Dry whey was down $0.0050 at $0.41. No sales were recorded.
Forty-pound cheese blocks were unchanged at $1.49. No sales were recorded.
Cheese barrels were unchanged at $1.6250. No sales were recorded.
Butter was up $0.0225 at $2.85. One sale was recorded at that price.
Nonfat dry milk was down $0.02 at $1.15. One sale was recorded at that price.
