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Milk Futures Continue Positive 2019 Momentum in Chicago


At the Chicago Mercantile Exchange Milk futures continued their positive momentum Thursday supported in part by increasing global prices. Class III milk ranged from three cents lower to seven cents higher in 2019.  January class III milk futures closed up two cents at $14.32. February up two cents at $14.77. March up seven cents at $15.14. April up three cents at $15.51. May through September contracts were a penny to four cents higher. Class IV milk harnessed the strength seen in butter and nonfat dry milk, pushing 14-23 cents higher in January-October 2019.

Dry whey up $0.01 at $0.49 cents. One trade was made at that price. Blocks unchanged at $1.4175. Barrels unchanged at $1.3025. Butter up $0.0325 at $2.25. One trade was made at $2.2425. Nonfat dry milk up $0.0150 at $0.9650. Two trades were made at that price.


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