Milk futures on the Chicago Mercantile Exchange 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.
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.