On the Chicago Mercantile Exchange milk futures closed higher at midweek supported by a favorable cash trade and improving world prices. February gained a penny to $13.94. March-June traded 9-16 cents while the remaining months were 1-4 cents higher. Class IV markets were up 9-20 cents in February through May while June and beyond ranged from even to 14 cents higher.
Dry whey up $0.0125 at $0.39. Three trades were made ranging from $0.3850 to $0.39. Blocks unchanged at $1.4575. One trade was made at that price. Barrels unchanged at $1.2925. Three trades were made at that price. Butter up $0.0075 at $2.2850. Two trades were made at $2.2750 and $2.2850. Nonfat dry milk up $0.02 at $1.00. One trade was made at that price.
