At the Chicago Mercantile Exchange class III milk futures closed higher Wednesday as traders took back over sold positions. October closed unchanged at $15.54. November added 2 cents to $14.79 per cwt. while December closed 12 cents higher at $15.17 per cwt. The 2019 prices rose 10-15 cents in the first quarter while April through August added 2-7 cents per cwt. September was even and the fourth quarter was down 2-6 cents. Class IV milk months wer all higher rising anywhere from 5-13 cents.
Barrels were up $0.0825 at $1.33. Five trades were made ranging from $1.26 to $1.33. Blocks were down $0.0375 at $1.4750. Five trades were made ranging from $1.4550 to $1.4750. Butter was $0.0550 higher at $2.28. Sixteen trades were made ranging from $2.2725 to $2.2850. Nonfat dry milk was $0.0125 higher at $0.88. Seven trades were made ranging from $0.8450 to $0.8750. Dry whey closed $0.0025 lower at $0.45. One trade was made at that price.
