On the Chicago Mercantile Exchange Milk futures saw a big run-up Wednesday following USDA’s fifth round of food box purchases announcement this week and strong cash sales. January Class III milk up 49 cents at $16.66. February up $1.17 at $19.04. March 89 cents higher at $18.92. April up 28 cents at $18.26. May through July contracts nine to 13 cents lower.
On the spot market dry whey up $0.0050 at $0.4850. Blocks up $0.1075 at $1.7850. Sixteen trades were made ranging from $1.6850 to $1.7850. Barrels up $0.0850 at $1.65. Six trades were made ranging from $1.60 to $1.65. Butter down $0.0125 at $1.4350. One sale was made at $1.45. Nonfat dry milk up $0.0150 at $1.19. Thirteen sales were made ranging from $1.1750 to $1.19.
(T1, D1)
