On the Chicago Mercantile Exchange milk futures found strength at midweek after cash trade got a shot in the arm. Class III milk followed the product trade today and bounced back higher. June gained 20 cents to $16.12/ cwt and July gained 17 to $16.48. The second half months gained 2-17 cents to finish with an average at $16.394/cwt. First quarter of 2020 saw a dip in prices however. January was unchanged at $16.36 and Feb and March lost 2-3 cents. Class IV milk was also stronger. June was unchanged at $16.80/cwt, and July gained 12 cents to $17.07.
Dry whey up $0.0050 at $0.3575. Blocks up $0.0050 at $1.7250. Two trades were made at $1.7225 and $1.7250. Barrels up $0.0150 at $1.50. Eighteen trades were made ranging from $1.4850 to $1.5025. Butter up $0.0375 at $2.3875. One trade was made at $2.39. Nonfat dry milk up $0.0025 at $1.0550. One trade was made at that price.