On the Chicago Mercantile Exchange milk futures closed mixed Wednesday with front-month contracts to the lower side and more optimism in the second half of the year. February Class III milk down 14 cents at $15.58. March down 22 cents at $16.03. April 16 cents lower at $16.34. May six cents lower at $16.69. June through August contracts two to five cents higher.
In product trade, dry whey unchanged at $0.5350. One sale was made at that price. Blocks down $0.0325 at $1.5575. Four sales were made ranging from $1.5575 to $1.59. Barrels up $0.0225 at $1.4125. Three trades were made at $1.41 and $1.4125. Butter unchanged at $1.2925. Nonfat dry milk down $0.0275 at $1.11. Thirty-three sales were made ranging from $1.1050 to $1.1275.
(T4, D1)
