Market News
Milk futures rebound, but cash dairy can’t Wednesday
May Class III milk futures on the Chicago Mercantile Exchange up 38 cents to $13.12. June 50 higher at $13.56. July through September contracts 37 to 55 cents higher.
Dry whey steady at $0.33.
Blocks down $0.02 to $1.31.
Barrels down $0.03 to $1.1750.
Butter down $0.0250 to $1.31. Five trades were made, ranging from $1.31 to $1.3225.
Nonfat dry milk down $0.01 at $0.8750. Eleven trades made, with a range of $0.86 to $0.88.
