On the Chicago Mercantile Exchange milk futures turned higher Wednesday as traders corrected oversold positions. January Class III milk up a penny at $16.14. February up 15 cents at $15.52. March nine cents higher at $16.65. April down five cents at $16.76. May through July contracts six to 10 cents higher.
In spot trade, dry whey up $0.0125 at $0.51. Two sales were made at $0.50 and $0.51. Blocks unchanged at $1.5925. Barrels unchanged at $1.40. Butter unchanged at $1.28. One sale was made at that price. Nonfat dry milk up $0.0275 at $1.1650. fifteen sales were made ranging from $1.1475 to $1.1650.
(T3, D1)
