At the Chicago Mercantile Exchange Class III milk futures closed higher Thursday following improved Chinese imports and USDA’s mostly bearish dairy product report. November added 4 cents and December jumped 26 cents. January through July 2019 traded 8-13 higher and August through December ranged from a penny lower to 5 cents higher. January four cents higher at $15.19. February was three cents higher at $15.24. March through next October contracts closed unchanged to three cents higher.
Barrels were up $0.0450 at $1.3750. Five trades were made at that price. Blocks were down $0.02 at $1.4550. Eight trades were made ranging from $1.44 to $1.4550. Butter was $0.02 higher at $2.30. Eight trades were made ranging from $2.28 to $2.30. Nonfat dry milk was $0.0125 higher at $0.8925. Eight trades were made ranging from $0.89 to $0.8950. Dry whey closed $0.0025 lower at $0.4475. Ten trades were made ranging from $0.44 to $0.4457.