At the Chicago Mercantile Exchange, Class III milk futures were mostly higher Wednesday, cash dairy closed mixed. Class III markets were higher as 1sthalf 2019 ranged from 7-14 cents higher. The 1sthalf 2019 average closed at $15.14 cents per cwt. December milk was unchanged at $13.71. The 2ndhalf ended at $16.39. January 12 cents higher at $14.15. February up 16 at $14.58. March milk up 12 at $15.03. April through July settled 6 to 12 cents higher. The Class IV full year average settled at $15.89 per cwt.
Barrels closed $0.0225 higher at $1.2775. Five trades were made, ranging from $1.26 to $1.2775. Blocks were up $0.0175 at $1.3475. Butter closed down $0.0125 at $2.1850. Dry whey unchanged Wednesday at $0.4325. Two trades were made. Nonfat dry milk was down $0.0050 at $0.92. Six trades made, ranging from $0.91 to $0.92.
