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Milk Futures Mostly Higher, Cash Dairy Lower

Milk futures on the Chicago Mercantile Exchange rebounded midweek while cash trade was mostly lower.

 

February Class III milk down a penny at $17.03.  March up eight cents at $17.29.  April eight cents higher at $17.42.  May up seven cents at $17.42.  June through September contracts a nickel lower to 13 cents higher.

 

Dry whey unchanged at $0.3950.  

 

Blocks down $0.0150 at $1.8650.  Three sales were made at $1.8875.

 

Barrels unchanged at $1.56.  Five trades were made ranging from $1.56 to $1.5850.

 

Butter down $0.0150 at $1.80.  Eight trades were made ranging from $1.80 to $1.82.

 

Nonfat Dry milk unchanged at $1.2250.  Five trades were made ranging from $1.2250 to $12325.