On the Chicago Mercantile Exchange, Class III Milk futures for February ended the day 3 cents higher at $17.93. March went up 15 points to $17.79. March Class IV was happy to see that the spot trade brought in 39 cents on the day, bringing the total to $18.75. April’s Class III was 19 more expensive, at $18.12. Prices for May through July contracts went up by 5 to 8 cents.
It was a good day for milk and cheese. The Spot Trade was all green, except for Block Cheese, which fell to $1.8750, down $0.0200. Barrel Cheese went up by $0.0175 to $1.6000, and 9 lots were traded. Whey went up by 4.5 cents, or 40 cents per pound. The price of butter went up 3 cents to $2.36, and the price of nonfat dry milk went up 1 cent to $1.21.
(T2, D1)
