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Milk futures higher, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange closed higher Thursday as some newfound strength in cash markets carried into futures.

February Class III milk 17 cents higher at $15.66.  March up 75 cents at $17.03.  April up 75 cents at $17.54.  May up 61 cents at $17.71.  June through August contracts 32 to 57 cents higher.

Dry whey up $0.0025 at $0.5425. 

Blocks up $0.0225 at $1.5925.  Five sales were made ranging from $1.5825 to $1.5925.

Barrels unchanged at $1.50.  Eight sales were made at $1.49 and $1.50.

Butter up $0.0450 at $1.3250.  One trade was made at $1.2975. 

Nonfat dry milk down $0.0075 at $1.1125.  Four trades were made ranging from $1.11 to $1.1225. 

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