On the Chicago Mercantile Exchange milk futures closed higher Thursday as some newfound strength in cash markets carried into futures. February Class III milk 17 cents higher at $15.66. March up 75 cents at $17.03. April up 75 cents at $17.54. May up 61 cents at $17.71. June through August contracts 32 to 57 cents higher.
On spot trade dry whey up $0.0025 at $0.5425. Blocks up $0.0225 at $1.5925. Five sales were made ranging from $1.5825 to $1.5925. Barrels unchanged at $1.50. Eight sales were made at $1.49 and $1.50. Butter up $0.0450 at $1.3250. One trade was made at $1.2975. Nonfat dry milk down $0.0075 at $1.1125. Four trades were made ranging from $1.11 to $1.1225.
(T2, D1)
