On the Chicago Mercantile Exchange milk futures turned higher Thursday supported by positive cash cheese trade and optimism following additional COVID aid. March Class III milk nine cents higher at $16.37. April up 23 cents at $18.09. May 15 cents higher at $18.48. June up a nickel at $18.30. July through September contracts a nickel to a dime higher.
On spot trade blocks up $0.0450 at $1.7950. Barrels up $0.05 at $1.55. One sale was made at that price. Butter down $0.0050 at $1.7050. Two trades were made at $1.68 and $1.6825. Nonfat dry milk down $0.01 at $1.1625. Dry whey unchanged at $0.5925.
(T2, D1)
