A tale of Two markets on Thursday as Class III shows nice gains while Class IV falters on the Chicago Mercantile Exchange. April Class III was our only weak month, falling 22 cents to $13.19. May Class III milk futures up 16 cents at $10.68. June 27 higher at $11.32. July through September contracts a nickel to 26 cents higher. Class IV milk however struggled as both Butter and Non Fat Dry milk fell during the spot product trade. April held unchanged at $11.42, May fell 23 cents to $10.05, and June fell 24 cents to $10.41/cwt. The second half fell 9-49 cents.
Dry whey unchanged at $0.3850. Blocks up $0.03 at $1.05. Four trades were made, ranging from $1.0250 to $1.0550. Barrels $0.0275 higher at $1.04. Butter down $0.0325 at $1.10. Nine trades made, with a range of $1.10 to $1.1275. Nonfat dry milk down $0.01 at $0.8150.
