The Chicago Mercantile Exchange’s milk futures were up Wednesday ahead of a somewhat positive milk production report, but cash markets were divided.
At $14.95, June Class III milks a cent. July is up 41 cents to $15.78. August gained 34 cents to $16.63. September was 25 cents higher, closing at $17.65. Contracts are six to fifteen percent higher from October to December.
Dry whey gains $0.0025 to $0.2275. Nine transactions were made between $0.2675 and $0.2750.
At $1.40, blocks are up $0.0225. Four deals were executed ranging from $1.3750 to $1.3925.
Barrels are constant at $1.51. At that price, one sale was made.
At $2.3475, butter is down $0.0025. At that price, one sale was made.
At $1.15, nonfat dried milk is down $0.0050. At that price, one sale was made.
