On the Chicago Mercantile Exchange milk futures ended higher again midweek while cash dairy trade slowed. Class 3 markets saw a positive move after barrels moving higher in the spot trade this morning. Class 3 traded anywhere from 1 to 16 cents higher. March finished up 1 cent to 14.94, April was up 12 cents to 15.10, and May was up 16 cents to 15.31. The remainder of the 1st half average is at 15.23 and the second half average is at 16.24. Class 4 markets moved slightly lower but only traded in April through July losing anywhere from 1 to 8 cents.
Dry whey up $0.0050 at $0.31. Seven trades were made ranging from $0.3050 to $0.31. Blocks unchanged at $1.5825. Two trades were made at $1.57 and $1.58. Barrels up $0.0350 at $1.5450. Nine trades were made ranging from $1.52 to $1.5450. Butter unchanged at $2.28. Nonfat dry milk down $0.0050 at $0.9575. Five trades were made ranging from $0.9525 to $0.96.
