On the Chicago Mercantile Exchange milk futures were mostly higher Wednesday while cash trade was mixed following a supportive supply and demand report. Class III milk had February fall 3 cents to $20.66, but March jumped 36 cents high to $22.04, April followed, gaining 62 cents to $22.51 and May was up 50 cents to $22.20/cwt. Class IV milk was unchanged in February and March, but April climbed 49 cents to $24.25 and May up 10 cents to $23.64/cwt.
The CME spot trade was mixed with Dry whey down $0.04 at $0.8275. Four sales were made from $0.8275 to $0.8575. Blocks unchanged at $1.90. Barrels down $0.0325 at $1.8575. One sale was made at that price. Butter up $0.0250 at $2.5325. Nonfat dry milk up $0.0225 at $1.8650. One sale was made at that price.
