Market News

Milk futures, cash dairy mostly higher 

Milk futures on the Chicago Mercantile Exchange continued higher Thursday supported by a strong supply and demand report and cash trade. 

May Class III milk was up six cents at $24.95.  June 29 cents higher at $24.10.  July up 25 cents at $24.03.  August 32 cents higher at $23.57.  September through November four cents lower to 25 cents higher. 

Dry whey down $0.0125 at $0.5550. Five sales were made from $0.5550 to $0.5675.   

Blocks unchanged at $2.3075.   

Barrels unchanged at $2.3950.   

Butter up $0.07 at $2.7050.  Six trades were made from $2.6950 to $2.7050. 

Nonfat dry milk up $0.0050 at $1.7275.  Three trades were made from $1.7275 to $1.7425.