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Class III Continue to Move Up, Cash Dairy Mixed Thursday in Chicago


On the Chicago Mercantile Exchange milk futures were up and cash dairy prices were mixed Thursday. Class III milk continued to trudge higher despite a lackluster CME spot product trade on Thursday. May was unchanged at $16.38 per cwt, June gained 11 cents to $16.18/cwt and second half average gained 10-14 cents to raise the average to $16.93/cwt.  Class IV milk was unchanged at $16.26 in May and $16.90 for June.

Dry whey was up $.0050 at $.3575 cents per pound. Three bids were offered but no sales were recorded. Forty-pound blocks were unchanged at $1.6825 per pound. One bid was offered but no sale was recorded. Barrels were down $.0025 to $1.54 per pound. Nineteen sales were recorded from $1.54 to $1.5425. Grade AA Butter was down $.0225 at $2.35 per pound. Twelve sales were recorded from $2.3425 to $2.3625. Nonfat dry milk was up $.0050 at $1.05 per pound. Six bids were offered, but no sales were recorded.


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