On the Chicago Mercantile Exchange milk futures closed Wednesday higher as optimism from Tuesday’s global trade carried over into markets. The dairy markets were quieter after Tuesday’s fireworks. March Class III milk up six cents at $16.40. April up 14 cents at $17.94. May 16 cents higher at $18.15. June up 19 cents at $18.19. July through September contracts nine cents higher.
This followed a CME Spot market that butter down $0.0250 at $1.69. Seventeen trades were made ranging from $1.6775 to $1.70. Nonfat dry milk down $0.0025 at $1.1750. Three trades were made at $1.1725 and $1.1750. Dry whey unchanged at $0.5650. Blocks up $0.02 at $1.65. One sale was made at $1.6125. Barrels unchanged at $1.42.
(T4, D1)
