On the Chicago Mercantile Exchange milk futures traded mixed in a narrow range Thursday ahead of the monthly dairy product report. February Class III milk down four cents at $15.54. March down two cents at $16.01. April three cents higher at $16.37. May up four cents at $16.73. June through August contracts a penny lower to five cents higher.
In product trade, dry whey unchanged at $0.5350. Blocks down $0.0225 at $1.5575. Five sales were made ranging from $1.5350 to $1.5550. Barrels up $0.0325 at $1.4450. One trade was made at that price. Butter down $0.0150 at $1.2775. Thirteen sales were made ranging from $1.2750 to $1.30. Nonfat dry milk down $0.02 at $1.09. Six sales were made ranging from $1.09 to $1.0975.
(T3, D1)
