Market News
Milk futures, cash dairy higher
Milk futures on the Chicago Mercantile Exchangeclosed higher at midweek supported by large moves on the cash market.
September Class III milk up 75 cents at $16.63. October 75 cents higher at $19.02. November 66 cents higher at $18.07. December up 38 cents at $17.20. January through March contracts one to 30 cents higher.
Dry whey unchanged at $0.3350. Two sales were made at that price.
Blocks up $0.1075 at $1.91. One trade was made at that price.
Barrels up $0.1250 at $1.57. One trade was made at that price.
Butter up $0.0450 at $1.51. One trade was made at that price.
Nonfat dry milk up $0.0050 at $1.0350.
The USDA has adjusted August Class and Component prices lower. The Class II milk price was set at $13.27 per hundredweight, down $0.52 from July, the Class III price was $19.77, $4.77 lower, and Class IV was $12.53, down $1.23.
