On the Chicago Mercantile Exchange milk futures continued to rally Thursday supported by strong cash trade. February Class III milk up six cents at $15.65. March up 53 cents at $16.56. April 75 cents higher at $17.40. May 57 cents higher at $17.82. June through August contracts 23 to 28 cents higher.
On the spot market blocks up $0.07 at $1.66. Eleven trades were made ranging from $1.60 to $1.66. Barrels up $0.0650 at $1.4475. Three trades were made at that price. Butter up $0.0325 at $1.4975. Two trades were made at $1.4750 and $1.4950. Nonfat dry milk up $0.0275 at $1.1225. Eight trades were made ranging from $1.1075 to $1.1225. Dry whey up $0.0025 at $0.5475. One sale was made at that price