At the Chicago Mercantile Exchange milk futures closed mostly lower Wednesday while European prices improved. Class III milk finished even to 11 cents lower. The first half average ended at $15.02 per cwt. and the second half at $16.52 respectively. January class III milk futures closed up a penny at $14.06. February down seven cents at $14.27. March down 11 cents at $14.82. April down 11 cents at $15.29. May through September contracts were five to nine cents higher. Class IV milk had little change and even two single digit losses.
Dry whey up $0.0150 at $0.5250 cents. Six trades were made at $0.5025 and $0.5250. Blocks unchanged at $1.4175. Barrels down $0.01 at $1.20. Four trades were made ranging from $1.1975 to $1.20. Butter up $0.0050 at $2.2625. Three trades were made at $2.2575. Nonfat dry milk up $0.0150 at $1.03. Four trades were made ranging from $1.03 to $1.0425.
