On the Chicago Mercantile Exchange milk futures closed mixed Wednesday following the direction of the cash market. September Class III milk down three cents at $16.70. October up 15 cents at $17.60. November 14 cents higher at $17.61. December up seven cents at $17.70. January through March contracts unchanged to a nickel lower.
The CME spot product trade was mostly higher. Dry whey up $0.0125 at $0.5175. Two sales were made at $0.51 and $0.5125. Blocks up $0.0175 at $1.7525. Barrels up $0.04 at $1.47. Two trades were made at $1.46 and $1.47. Butter down $0.0025 at $1.7850. Six trades were made from $1.7725 to $1.7925. Nonfat dry milk down $0.0025 at $1.3575. Three trades were made at that price.
