On the Chicago Mercantile Exchange milk futures twisted higher Wednesday correcting oversold positions while cash traded on both sides of the aisle. January Class III milk down eight cents at $16.31. February up 22 cents at $18.90. March 16 cents higher at $18.48. April up 20 cents at $18.13. May through July contracts seven to 13 cents higher.
On the spot trade dry whey up $0.01 at $0.51. Two sales were made at $0.5050 and $0.51. Blocks down $0.0475 at $1.91. Barrels down $0.07 at $1.58. Butter down $0.0225 at $1.2875. Three trades were made ranging from $1.2850 to $1.29. Nonfat dry milk up $0.0025 at $1.1875. Two sales were made at $1.1850 and $1.1875.
(T1, D1)
