On the Chicago Mercantile Exchange milk futures were up in the near term and cash dairy prices were mostly up except for butter Wednesday. Class III milk had July up 1 cent to $22.55, but August gained back 23 cents to $24.56 and September gained 7 to $20.51/lb. Class IV milk was quieter. July and August unchanged at $25.86 and $24.56/cwt. September fell 2 cents at $23.26/cwt.
The CME spot trade had Dry whey was down $0.0025 at $0.4625. No sales were recorded. Cheese Blocks remain unchanged at $1.9750 with no sales activity. Cheese Barrels were up $0.04 at $2.05. One sale was recorded at that price. Butter went down $0.0250 closing at $2.9150. There were 10 sales ranging from $2.9050 to $2.9150. Nonfat dry milk was up $0.0150 at $1.66. One sale was recorded at that price.
