Market News
CME dairy prices continue upward trend Wednesday
Most milk futures and cash dairy prices continued to rise on the Chicago Mercantile Exchange Wednesday.
January Class III milk was down $.09 at $20.66. February closed up $.56 at $22.35. March closed up $.31 at $21.75. April was up $.24 at $21.34. May through November contracts ranged from six to twenty-two cents higher.
Dry whey was unchanged at $0.7525. No sales were recorded.
Cheese Blocks closed up $.0500 at $2.0650. Three sales were recorded from $2.0475 to $2.06.
Cheese Barrels were $.0725 higher, closing at $1.8725. Three sales were recorded from $1.8550 to $1.8725.
Butter was up $.0600 at $2.71. There were three sales ranging from $2.7075 to $2.7125.
Nonfat dry milk was up $.0225 at $1.6675. Eight sales were recorded from $1.6525 to $1.6675.
