Dairy markets bounced back on Thursday. February Class III milk futures on the Chicago Mercantile Exchange closed up eight cents Thursday at $16.97. March 17 higher at $17.23. April up 12 at $17.29. First half average is at $17.19 per cwt. Second half saw similar strength gaining 2-18 cents. Class IV milk was unchanged in Feb at $16.58, gained 4 in March at $16.66 and 17 in April to $16.92. July was the biggest mover gaining 23 cents to $17.73.
Dry whey up $0.0150 at $0.38. Blocks down $0.0075 at $1.8950. Barrels up $0.01 at $1.4650. 16 trades were made, ranging from $1.4525 to $1.4725. Butter unchanged at $1.8550. 34 trades made, with a range of $1.8550 to $1.8575. Nonfat dry milk $0.0150 higher at $1.24.
Grain and feed markets continue to be mixed with no big moves. March corn fell 1 ½ cents to $3.79 ¼, March soybeans gained a penny to $8.81 even, and soybean meal gained $0.80 to $288.20 per ton.