Market News

Milk futures higher, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange continued higher Thursday following the supply and demand report while cash was mixed.

December Class III milk up 27 cents at $15.79.  January 21 cents higher at $16.31.  February up 35 cents at $1726.  March 18 cents higher at $17.29.  April through June contracts 17 to 23 cents higher.

Dry whey up $0.0050 at $0.47.  One sale was made at that price. 

Blocks down $0.0025 at $1.6425.  Thirteen trades were made ranging from $1.64 to $1.6525.

Barrels up $0.0050 at $1.4250.  Six trades were made ranging from $1.4250 to $1.4375.

Butter unchanged at $1.5150. 

Nonfat dry milk down $0.01 at $1.1275.  Seven trades were made ranging from $1.12 to $1.1325.