Market News

Milk futures mostly higher, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange continued their rally and closed mostly higher Thursday while cash trade was mixed.

July Class III milk futures up 11 cents at $17.42.  August up two cents at $17.67.  September up three cents at $17.92.  October three cents higher at $17.90.  November through February contracts two cents lower to nine cents higher.

Dry whey up $0.01 at $0.3350.  Two trades were made at $0.3275 and $0.3350.

Blocks up $0.0050 at $1.78.

Barrels up $0.0150 at $1.7050.  Two trades were made at $1.70 and $1.7050. 

Butter down $0.0050 at $2.41.  Eighteen trades were made ranging from $2.4050 to $2.4225.

Nonfat dry milk unchanged at $1.0275.