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.