At the Chicago Mercantile Exchange class III milk futures closed higher Thursday as traders buy back oversold positions. 2018 Class III markets lost two cents in November to $14.47 while December rose 11 cents to $14.17. 2019 Class III markets were green across the board showing gains from 1 to 12 cents depending on the month. The 2019 first half and second half average are now at $15.12 and $16.28, respectively. January 12 cents higher at $14.43. February up three cents at $14.71. March through next October contracts closed two to six cents higher.
Blocks closed unchanged at $1.36. Seven trades were made ranging from $1.35 to 41.36. Barrels were up $0.07 at $1.31. Two trades were made at that price. Dry whey closed down $0.0025 at $0.4250. One trade was made at $0.4275. Butter was up $0.0225 at $2.2225. Nonfat dry milk was down $0.0075 at $0.9025. Two trades were made at $0.9025 and $0.9050.