On the Chicago Mercantile Exchange milk futures closed lower at midweek despite USDA calling for increased milk prices in its latest supply and demand report, cash markets were mixed. March Class III milk was down 15 cents at $22.54. April 29 cents lower at $24.26. May down 40 cents at $24.25. June 23 cents lower at $24.20. July through September 30 to 42 cents lower.
In spot trade blocks up $0.01 at $2.2325. Barrels up $0.0150 at $2.0850. Six trades were made at $2.0825 and $2.0850. Butter up $0.0125 at $2.7775. Three sales were made from $2.7775 to $2.80. Dry whey unchanged at $0.7575. One sale was made at that price. Nonfat dry milk down $0.01 at $1.8450.
(T2, D1)
