On the Chicago Mercantile Exchange milk futures were up and cash dairy prices were mixed Thursday. Class III milk continued to trudge higher despite a lackluster CME spot product trade on Thursday. May was unchanged at $16.38 per cwt, June gained 11 cents to $16.18/cwt and second half average gained 10-14 cents to raise the average to $16.93/cwt. Class IV milk was unchanged at $16.26 in May and $16.90 for June.
Dry whey was up $.0050 at $.3575 cents per pound. Three bids were offered but no sales were recorded. Forty-pound blocks were unchanged at $1.6825 per pound. One bid was offered but no sale was recorded. Barrels were down $.0025 to $1.54 per pound. Nineteen sales were recorded from $1.54 to $1.5425. Grade AA Butter was down $.0225 at $2.35 per pound. Twelve sales were recorded from $2.3425 to $2.3625. Nonfat dry milk was up $.0050 at $1.05 per pound. Six bids were offered, but no sales were recorded.
