On the Chicago Mercantile Exchange milk futures continued higher Thursday supported by a strong supply and demand report and cash trade. May Class III milk was up six cents at $24.95. June 29 cents higher at $24.10. July up 25 cents at $24.03. August 32 cents higher at $23.57. September through November four cents lower to 25 cents higher.
In spot trade, Dry whey down $0.0125 at $0.5550. Five sales were made from $0.5550 to $0.5675. Blocks unchanged at $2.3075. Barrels unchanged at $2.3950. Butter up $0.07 at $2.7050. Six trades were made from $2.6950 to $2.7050. Nonfat dry milk up $0.0050 at $1.7275. Three trades were made from $1.7275 to $1.7425.
(T3, D1)
