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Milk Futures Continue to Climb Higher in Chicago Thursday


On the Chicago Mercantile Exchange milk futures were again mostly higher Thursday as was cash trade with continued export market support. October declined 10 cents to $18.05/cwt while November added 14 cents and December was up 12.  2022 months ranged from 2 to 7 cents higher.  The 2022 average last traded Thursday at $18.07/cwt.  Class IV experienced a similar move as November gained 10 cents and December was up 8.  2022 ended 2-11 cents in the green as well.

CME spot markets resulted in dry whey up $0.0025 at $0.5950. One sale was made at that price. Blocks up $0.0025 at $1.81. One sale was made at that price. Barrels down $0.02 at $1.7675. Butter unchanged at $1.6975. Nonfat dry milk up $0.0125 at $1.4425. Three trades were made at $1.44 and $1.4425.


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