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Milk Futures Mostly Lower, Cash Dairy Mixed

Milk futures on the Chicago Mercantile Exchange closed mostly lower Wednesday while European prices improved.

January class III milk futures closed up a penny at $14.06.  February down seven cents at $14.27.  March down 11 cents at $14.82.  April down 11 cents at $15.29.  May through September contracts were five to nine cents higher.

Dry whey up $0.0150 at $0.5250 cents.  Six trades were made at $0.5025 and $0.5250.

Blocks unchanged at $1.4175. 

Barrels down $0.01 at $1.20.  Four trades were made ranging from $1.1975 to $1.20.

Butter up $0.0050 at $2.2625.  Three trades were made at $2.2575.

Nonfat dry milk up $0.0150 at $1.03.  Four trades were made ranging from $1.03 to $1.0425.

 
--Brownfield AgNews