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Dairy futures higher at CME Thursday


At the Chicago Mercantile ExchangeClass III milk futures closed mostly higher Thursday as traders bought back oversold positions. January milk was up $0.03 closing at $13.81. February was $0.08 higher at $13.21. March closed $0.07 higher to $13.25. April milk was up $0.07 at $13.65. The rest of the 2018 milk futures were mixed from three cents a hundredweight lower to a nickel higher.

Grade AA Butter was $0.0125 lower at $2.1550. One load was sold. Barrels were down $0.0050 to $1.29, the lowest settlement price since May 2016. Three loads were sold all at $1.29. 40 # blocks were $0.0025 lower at $1.4375. One load was sold. Nonfat dry milk was $0.0050 higher at $0.67. One load was sold.


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