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Milk Futures Turn Positive in Chicago Wednesday

On the Chicago Mercantile Exchange Milk futures traded higher supported by strong cash movement Wednesday. June Class III milk up five cents at $17.07. July up seven cents at $17.53. August seven cents higher at $18.38. September up a nickel at $18.85. October through December contracts three to four cents higher.

On spot trade dry whey up $0.0150 at $0.62. Blocks down $0.0075 at $1.4575. Four sales were made at $1.4575 and $1.46. Barrels up $0.02 at $1.5975. Six trades were made from $1.58 to $1.5975. Butter up $0.02 at $1.79. Three trades were made at $1.7825 and $1.7850. Nonfat dry milk up $0.0150 at $1.3150. Eight sales were made from $1.2950 to $1.3175.

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