Market News

Milk futures, cash dairy trade higher

Milk futures on the Chicago Mercantile Exchange closed higher Thursday with cash markets providing support.

December Class III milk up 29 cents at $18.33. January 19 cents higher at $18.29. February up eight cents at $18.62. March a penny higher at $18.77. April through June unchanged to eight cents higher.

Dry whey up $0.0050 at $0.6850. One sale was made at that price.

Blocks unchanged at $1.8575.

Barrels up $0.0025 at $1.6025.

Butter up $0.0025 at $1.9825. Seven trades were made from $1.96 to $1.9925.

Nonfat dry milk up $0.0150 at $1.5625.

The USDA has adjusted November Class and Component prices higher. The Class II milk price was set at $18.40 per hundredweight, up $1.32 from October, the Class III price was $18.03, $0.20 higher, and Class IV was $18.79, up $1.75.