An unusual mix of prices occurred in the dairy market on Wednesday of this week.
Prices were down for two of the major commodities but Class III milk futures prices were in green ink territory for all months through December 2013.
The AA butter spot market on the Chicago Mercantile Exchange attracted the most attention on Wednesday as seven carloads were sold and the price fell by another five cents per pound.
This put the day's closing price at $1.6225 per pound.
Cheddar barrel cheese had one carload sale and one uncovered offer to sell in the spot market on Wednesday as the price shed another two cents to close at $1.7550 per pound.
The Cheddar block cheese spot market has been quiet with the price holding at $1.8225 per pound since Nov. 16.
Minor price changes in the non-fat dry milk market during the past two weeks left the prices standing at $1.56 per pound for Grade Extra and $1.5575 for Grade A on Wednesday of this week.
In the dry whey futures market on Wednesday, prices rose for all months in the first half of 2013 and fell slightly for all months in the latter half of the year.
Prices late in the day's trading session were 62.7 cents per pound for December before going on a gradual downward arc from 59.95 cents for January to 53.25 cents for December of 2013 and then plunging to 42 cents per pound for January 2014.
Amid those price backgrounds for dairy commodities, the Class III milk futures prices showed a modest amount of strength in trading through the early afternoon on Wednesday.
There were increases of 25 to 38 cents per hundred for nearby months through March 2013.
Prices near the end of the day's trading session included a high of $20.80 per hundred for November, $19.15 for December, and the $18s for all months of 2013 except December ($17.99).
With little or no trading for months in 2014, the Class III futures shown on the trading board start in the high $17s per hundred before slumping to the low $15s for the second half of the year.
The Class I fluid milk national base price for December is $21.39 per hundred - an increase of 69 cents from November.
This means that, for one month at least, the six-month string of negative producer price differentials for most milk receiving plants in that Federal Milk Marketing Order 30, which covers all but two counties in Wisconsin, should be broken.