CME milk futures up in near term, cash dairy mixed
Milk futures were up in the near term and cash dairy prices were mostly up except for butter on the Chicago Mercantile Exchange Wednesday.
July Class III milk was up $0.01 at $22.55. August closed up $0.23 to $20.69. September closed up $0.07 at $20.51. October was down $0.04 to $20.91. November through June contracts ranged from down fourteen cents in February and March to eleven cents higher in November.
Dry whey was down $0.0025 at $0.4625. No sales were recorded.
Cheese Blocks remain unchanged at $1.9750 with no sales activity.
Cheese Barrels were up $0.04 at $2.05. One sale was recorded at that price.
Butter went down $0.0250 closing at $2.9150. There were 10 sales ranging from $2.9050 to $2.9150.
Nonfat dry milk was up $0.0150 at $1.66. One sale was recorded at that price.