Milk futures mostly higher, cash dairy trade mixed
Milk futures on the Chicago Mercantile Exchange closed higher Wednesday with traders optimistic from supply and demand expectations while cash trade was mixed.
October Class III milk down a penny at $17.88. November four cents higher at $18.85. December up two cents at $18.38. January two cents higher at $17.93. February through April contracts one to eight cents higher.
Dry whey unchanged at $0.60.
Blocks down $0.0225 at $1.76.
Barrels down $0.0050 at $1.7450. Four trades were made from $1.74 to $1.7450.
Butter up $0.06 at $1.82. Five trades were made from $1.80 to $1.82.
Nonfat dry milk up $0.03 at $1.4850. Two trades were made at $1.48 and $1.4850.