The Chicago Mercantile Exchange’s milk futures rose Thursday ahead of the cold storage report, while cash markets were mixed.
Class III milk for March is up six cents to $18.10. April is up 40 cents to $19.76. May rose 28 cents to $18.95. The June contract is six cents higher at $18.66. Contracts for July through September are unchanged at 18 cents lower.
Dry whey is now $0.4375, down $0.01.
Blocks are trading at $2.0550, up $0.04. Three trades were completed ranging from $2.03 to $2.0550.
Barrels are up $0.02 to $1.96 per barrel. Seven trades were made between $1.9250 and $1.96.
At $2.3475, butter is down $0.0350. At $2.35, one sale was made.
The price of nonfat dry milk remains unchanged at $1.15.
