Milk futures higher in the short term and the cash dairy markets were steady to higher except for butter Wednesday on the Chicago Mercantile Exchange.
December Class III milk was up $0.03 at $16.21. January was up $0.05 at $16.34. February was down $0.02 at $16.51. March was down $0.03 at $17.23. April through November contracts ranged from unchanged in May and July to sixteen cents lower in October.
Dry whey was unchanged at $0.3950. No sales were recorded.
Forty-pound cheese blocks were up $0.02 at $1.60. No sales were recorded.
Cheese barrels were up $0.0250 at $1.5175. Three sales were recorded, ranging from $1.5025 to $1.5175.
Butter was down $0.04 at $2.46, and down over twenty cents so far this week. One sale was recorded at $2.4625.
Nonfat dry milk was up $0.01 at $1.1725. One sale was recorded at that price.
