Market News

Milk futures, cash dairy mostly higher

Milk futures on the Chicago Mercantile Exchange closed higher again Thursday supported by strength in cash markets and increasing slaughter numbers.

June up a penny at $16.29.  July up 16 cents at $17.11.  August 15 cents higher at $17.38.  September up a dime at $17.53.  October through February contracts four to nine cents higher.

Dry whey unchanged at $0.3425. 

Blocks up $0.0225 at $1.8225.  Three trades were made ranging from $1.8150 to $1.8225.

Barrels up $0.03 at $1.72.  Seven trades were made ranging from $1.70 to $1.72.

Butter up $0.0125 at $2.3875.  One trade was made at $2.39.  

Nonfat dry milk down $0.0050 at $1.04.  Two trades were made at that price.