At the Chicago Mercantile Exchange Milk futures on worked their way higher Thursday supported by an improving cash market. Class III markets were green across the board today gaining anywhere from two to 13 cents. January class III milk futures closed up three cents at $14.08. February up 13 cents at $14.45. March unchanged at $14.88. April up a dime at $15.42. May through September contracts were two to nine cents higher. The first and second half averages are now at $15.12 and $16.52.
Dry whey unchanged at $0.4875 cents. Blocks up $0.02 at $1.39. Two trades were made at $1.38 and $1.39. Barrels up $0.0025 at $1.2475. Butter unchanged at $2.2350. Two trades were made at $2.2275 and $2.2350. Nonfat dry milk up $0.0225 at $1.0250. Two trades were made at $1.02 to $1.0250.