On the Chicago Mercantile Exchange milk futures moved higher Wednesday with pre-report positioning ahead of tomorrow’s supply and demand report and some cash trade support. May Class III milk was up 23 cents at $24.89. June 30 cents higher at $23.81. July up 41 cents at $23.78. August 24 cents higher at $23.25. September through November two to 20 cents higher.
In spot trade, Blocks up $0.0450 at $2.3075. One trade was made at that price. Barrels up $0.0550 at $2.3950. Two trades were made at $2.3424 and $2.3950. Butter up $0.0250 at $2.6350. Eight trades were made from $2.6250 to $2.6350. Nonfat dry milk down $0.0125 at $1.7225. One trade was made at that price. Dry whey unchanged at $0.5675.
(T1, D1)
