Market News

Milk futures higher, cash dairy mostly higher Thursday

On the Chicago Mercantile Exchange, August Class III milk futures closed 6 cents higher at $16.09.  September up 36 at $16.40.  October milk 34 cents higher settling at $16.88.  November through February contracts 12 to 33 cents higher.

Dry whey up $0.0675 at $0.5375.  Two trades were made, ranging $0.53 to $0.5375.

Blocks unchanged at $1.6350.

Barrels down $0.0075 at $1.3075.

Butter $0.05 higher at $1.6550. 

Nonfat dry milk up $0.0025 at $1.2550.  Six trades made, ranging from $1.2525 to $1.26.