On the Chicago Mercantile Exchange drifted Class III milk futures lower Wednesday, although the spot October contract settled unchanged at $18.65. November fell 8 to $19.10, and December fell 4 to $16.73 per cwt. Class IV milk reacted similarly. October fell 2 cents to $16.43, November fell 9 to $16.75 and December fell 13 cents to $16.73 per cwt.
Cheese continues its march higher Tuesday. Following huge leaps higher on Monday, we saw Cheddar blocks up $0.0075 at $2.11. Three trades made, ranging $2.1025 to $2.11. Barrels unchanged at $2.1050. Butter down $0.03 at $2.06.Nonfat dry milk steady at $1.1650. Dry whey up $0.0025 at $0.29. Twelve trades were made, ranging from $0.29 to $0.2925.
