At the Chicago Mercantile Exchange milk futures were lower Wednesday pressured again by a lower cash market. Weekly European prices were reported higher. Class III markets fell anywhere from 1 to 27 cents with the most movement in February to August. April fell the most losing 27 cents finishing at $14.61. January class III milk futures closed down a penny at $13.98. February down 16 cents at $13.97. March down 27 cents at $14.22. May through September contracts were nine to 29 cents lower. Class IV markets fell 19 to 27 cents from February to July while the rest of the months did not trade. January was unchanged at $15.51.
Dry whey down $0.0450 at $0.42. Four trades were made ranging from $0.42 to $0.4350. Blocks down $0.0150 at $1.3750. One trade was made at that price. Barrels down $0.0175 at $1.16. Two trades were made at that price Butter down $0.0125 at $2.22. One trade was made at that price Nonfat dry milk down $0.0250 at $0.99. Three trades were made ranging from $0.9825 to $0.99.
