Milk futures flat, cash dairy mostly higher

Milk futures flat, cash dairy mostly higher

Class III milk futures at the Chicago Mercantile Exchange closed Wednesday relatively flat range despite a positive supply and demand forecast for milk prices.

September milk closed up two cents at $16.13.  October was unchanged at $16.28.  November down two cents at $16.30.  December down two cents at $16.13.  January through next August contracts closed a nickel lower to a penny higher.

Barrels closed up $0.03 at $1.4850.  Nine trades were made ranging from $1.4575 to $1.4950.

Continue reading Milk futures flat, cash dairy mostly higher at Brownfield Ag News.