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Milk Futures Bounce Back Up Thursday in Chicago


On the Chicago Mercantile Exchange milk futures ended higher Thursday while cash movement was mixed. Class III Milk added 5 cents in May and 9 cents in June, respectively. July through December months jumped 9-12 cents as well. The second half of 2019 average closed Thursday at an average of $16.78 per cwt. Class IV markets were unchanged all the way through 2019. 

Dry whey unchanged at $0.3475. Blocks down $0.0075 at $1.6550. One trade was made at that price. Barrels remained unchanged at $1.63. Seven trades were made at that price. Butter up $0.0050 at $2.2725. Seven trades were made ranging from $2.2675 to $2.2725. Nonfat dry milk up $0.0025 at $1.03. Five trades were made on a range of $1.0250 to $1.03.


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