On the Chicago Mercantile Exchange milk futures closed higher Thursday following strength in the cash market. Class III milk markets followed product and ended slightly higher. June jumped 10 cents, July 7 and August through December closed even to 3 cents stronger. Class IV markets were even to a penny higher in July and January 2020.
Cheddar blocks added 2 1/4 cents on three uncovered bids to $1.74 3/4 per pound. Barrels added 2 cents to $1.52 following six loads moving from seller to buyer. Dried whey gained 2 cents to 36 3/4 cents on one trade and three bids. Butter unchanged at $2.3875. Four trades were made ranging from $2.38 to $2.39. Nonfat dry milk unchanged at $1.0550. Two trades were made at $1.0475 and $1.0550.
