Market News

Milk futures higher, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange closed higher Thursday ahead of a neutral to bearish dairy product production report.

March Class III milk up four cents at $14.95.  April up 14 cents at $15.09.  May 14 cents higher at $15.33.  June up 13 cents at $15.64.  July through November contracts were three to 11 cents higher.

Dry whey down $0.01 at $0.3225.   Seven trades were made ranging from $0.3225 to $0.33. 

Blocks up $0.03 at $1.56.  Three trades were made ranging from $1.54 to $1.56. 

Barrels up $0.0625 at $1.4875.  Five trades were made ranging from $1.42.50 to $1.4850.

Butter up $0.0050 at $2.2850.  Three trades were made ranging from $2.28 to $2.2850.

Nonfat dry milk down $0.0025 at $0.9625.  One trade was made at that price.