Milk futures on the Chicago Mercantile Exchange corrected overbought positions Wednesday while cash trade was mixed.
August Class III milk down three cents at $16.14. September down four cents at $17.24. October eleven lower at $17.50. November down 16 cents at $17.98. December through February contracts seven cents lower to six cents higher.
Dry whey down $0.02 at $0.52. One sale was made at that price.
Blocks up $0.0425 at $1.78. Four trades were made from $1.7550 to $1.78.
Barrels down $0.0175 at $1.41.
Butter up $0.01 at $1.68.
Nonfat dry milk up $0.0025 at $1.2575. Two sales were made at that price.