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CME milk futures higher in near term, cash dairy up Wednesday

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Milk futures and the cash dairy markets were higher except for butter Wednesday on the Chicago Mercantile Exchange.   

December Class III milk was up $0.01 at $16.33.  January was up $0.19 at $16.99.  February was up $0.21 at $17.23.  March was up $0.17 at $17.75.  April through November contracts ranged from ten cents lower in October to two cents higher in April.  After April, only June saw a price increase Wednesday. 

Dry whey was up $0.0025 at $0.4025.  One sale was recorded at that price. 

Forty-pound cheese blocks were up $0.0350 at $1.6350.  Three sales were recorded, ranging from $1.63 to $1.6350. 

Cheese barrels were up $0.01 at $1.61.  No sales were recorded. 

Butter was unchanged at $2.67.  No sales were recorded. 

Nonfat dry milk was up $0.0150 at $1.18.  One sale was recorded at that price. 

CME milk futures higher in near term, cash dairy up Wednesday