On the Chicago Mercantile Exchange milk futures closed mostly higher Wednesday to round out the holiday-shortened week supported again by strong cash cheese trade. Class III futures contracts followed product higher gaining 23 cents in December, 14 in January and February foward ranged from 5 lower to 9 higher. Class IV markets added 1-6 cents on Wednesday.
Dry whey unchanged at $0.3525. Blocks up $0.0325 at $1.9625. One trade was made $1.9775. Barrels up $0.0550 at $2.2475. Butter down $0.0125 at $1.9975. One trade was made at that price. Nonfat dry milk up $0.0075 at $1.2375. Nine trades were made on a range of $1.2250 to $1.24.
