At the Chicago Mercantile Exchange dairy markets were mostly lower again on Wednesday. Class IIII markets were also lower on Wednesday showing losses of 3 cents in December at $13.86 per cwt and losses of anywhere from 4 to 14 cents from January to May in 2019. January was down $.11 to $14.20. February was down $.12 to $14.61. March was down $.08 at $14.97. The milk futures from April through next November ranged from zero to eight cents lower. Class IV markets were mainly unchanged on the day with a few months in 2019 showing minimal losses.
Dry whey was up $.0125 at $.4450 cents per pound. No sales were recorded. Forty-pound blocks were down $.0100 at $1.35 per pound. No sales were recorded. Two trades were made at that price. Barrels were up $.0025 at $1.2825 per pound. One trade was made at $1.2850. Grade AA Butter was down $.0050 at $2.2275 per pound. No sales were recorded. Nonfat dry milk was down $.0050 at $.91 per pound. One trade was made at that price.
