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Milk futures, cash dairy higher

Milk futures on the Chicago Mercantile Exchange worked their way higher Thursday supported by an improving cash market.

January class III milk futures closed up three cents at $14.08.  February up 13 cents at $14.45.  March unchanged at $14.88.  April up a dime at $15.42.  May through September contracts were two to nine cents higher.

Dry whey unchanged at $0.4875 cents. 

Blocks up $0.02 at $1.39.  Two trades were made at $1.38 and $1.39.

Barrels up $0.0025 at $1.2475. 

Butter unchanged at $2.2350.  Two trades were made at $2.2275 and $2.2350.

Nonfat dry milk up $0.0225 at $1.0250.  Two trades were made at $1.02 to $1.0250.

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