Milk futures were lower in the near months but higher past January and the cash dairy markets were steady-to-higher Wednesday on the Chicago Mercantile Exchange.
October Class III milk was down $0.01 at $16.84. November was down $0.10 at $17.23. December was down $0.10 at $17.49. January was up $0.07 at $17.99. February through August contracts ranged from nine cents lower in July to twelve cents higher in February. July was the only month past January with a lower price.
Dry whey was up $0.0050 at $0.3150. Twenty-one sales were recorded, ranging from $0.31 to $0.3150.
Forty-pound cheese blocks remained unchanged for a third straight day at $1.7025 with no sales recorded.
Cheese barrels were up $0.0075 at $1.6175. No sales were recorded.
Butter was unchanged at $3.48. No sales were recorded.
Nonfat dry milk was up $0.03 at $1.2150. Eight sales were recorded, ranging from $1.20 to $1.2150.