At the Chicago Mercantile Exchange Wednesday milk futures and cash dairy prices were mixed. July Class Three milk was down $.02 at $14.18. August was unchanged at $14.92. September was up $.05 to $15.68. October was up $.09 to $16.21. The milk futures from November through next June ranged from six cents lower to five cents higher. The average price for now through the end of the year finished 3 cents higher at $14.91
On Wednesday, blocks and barrels came to within 3 cents of each other, a feat that has only been done on six other days this year. Barrels led the charge in the CME spot trade by rising 8 cents after 19 loads traded hands to finish at $1.48. Conversely, blocks fell 2 cents to finish at $1.51 with just 3 loads trading.
