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Milk Markets Turn Positive in Chicago Thursday

On the Chicago Mercantile Exchange milk futures closed higher Thursday with cash markets providing support. December Class III milk up 29 cents at $18.33. January 19 cents higher at $18.29. February up eight cents at $18.62. March a penny higher at $18.77. April through June unchanged to eight cents higher.

In spot trade dry whey up $0.0050 at $0.6850. One sale was made at that price. Blocks unchanged at $1.8575. Barrels up $0.0025 at $1.6025. Butter up $0.0025 at $1.9825. Seven trades were made from $1.96 to $1.9925. Nonfat dry milk up $0.0150 at $1.5625.

The USDA has adjusted November Class and Component prices higher. The Class II milk price was set at $18.40 per hundredweight, up $1.32 from October, the Class III price was $18.03, $0.20 higher, and Class IV was $18.79, up $1.75.

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