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Milk Markets Mostly Higher Thursday in Chicago


On the Chicago Mercantile Exchange milk futures closed mostly higher Thursday with mostly supportive cash trade.  Class III milk followed cheese. June was our only outlier, falling 1 cent to $16.31, July gained 15 cents to $17.21, and our July – December average moved higher finishing at $17.21. We also saw more movement in our 2020 market. Jan-March gained 6-13 cents and finished with a first quarter average at $16.42/cwt. Class IV milk was unchanged nearby, but gained 5-6 cents in the remainder of 2019 months. June finished at $16.80/cwt, July at $17.21 and a second half average at 17.50/cwt.

Dry whey up 0.0050 at $0.3625. Two trades were made at $0.36 and $0.3625. Blocks up $0.0150 at $1.80. Ten trades were made ranging from $1.7950 to $1.8050. Barrels up $0.05 at $1.6025. Eleven trades were made ranging from $1.60 to $1.6025. Butter unchanged at $2.3925. Eleven trades were made ranging from $2.3875 to $2.40. Nonfat dry milk unchanged at $1.0550.


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