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Dairy Markets Hop Into Easter on a High Note


On the Chicago Mercantile milk futures closed early for the week supported by strong exports.  April and May milk both closed unchanged despite May trading 18 cents higher at its peak. June through December 2019 added 4-8 cents. May is offering producers $15.69 per cwt. June ended at $15.95, while the second half of the year settled with at $16.48 average. The first quarter of 2019 also rose 3-5 cents per cwt. to a $16.08 average. Class IV markets were slightly higher as well. June through December added 1-6 cents per cwt. May settled at $16.25, June at $16.61, and the second half of the year closed with its average at $17.00 per cwt.

Dry whey down $0.0025 at $0.34.  Seven trades were made ranging from $0.34 to $0.3450. Blocks down $0.0050 at $1.6675.  Two trades were made at $1.6675 and $1.6725. Barrels down $0.0750 at $1.5150.  Three trades were made ranging from $1.5150 to $1.5350. Butter up $0.0025 at $2.2825.  Six trades were made ranging from $2.28 to $2.2825. Nonfat dry milk up $0.0050 at $1.00.  Three trades were made at that price. 


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