On the Chicago Mercantile Exchange milk futures ended lower Wednesday pressured by mostly lower cash markets while butter saw large gains. January Class III milk was unchanged at $20.23. February 31 cents lower at $21.31. March down 16 cents at $22.32. April down 23 cents at $21.94. May through July 16 to 26 cents lower.
In spot trade blocks down $0.0350 at $1.8450. Barrels down $0.05 at $1.9050. Butter up $0.1025 at $2.8825. Eight trades were made from $2.8675 to $2.90. Nonfat dry milk unchanged at $1.85. Dry whey unchanged at $0.78.
(T2, D1)
