Milk futures on the Chicago Mercantile Exchange were again lower Wednesday as global prices continue to decline, cash markets were mixed with a very active butter trade. Class III milk prices lost 1-8 cents between August through December 2019. 2020 months for Class III ranged from 5 cents lower to 2 cents higher. Class IV milk also dropped losing 2-10 cents in 2019.
Dry whey up $0.0125 at $0.40. One trade was made at that price. Blocks down $0.0050 at $1.9050. Two trades were made at that price. Barrels down $0.03 at $1.68. Six trades were made ranging from $1.68 to $1.6925. Butter up $0.0025 at $2.3125. Twenty-seven trades were made ranging from $2.3075 and $2.3150. Nonfat dry milk down unchanged at $1.0275.