On the Chicago Mercantile Exchange milk futures saw strong support Thursday supported by cash trade and volatile market activity following Russia’s attack on Ukraine. February Class III milk was up six cents at $20.95. March 49 cents higher at $22.51. April up 75 cents at $23.23. May 75 cents higher at $22.91. June through August 50 to 63 cents higher.
In spot trade dry whey down $0.03 at $0.78. Four sales were made from $0.78 to $1.7975. Blocks up $0.0275 at $2.0175. Barrels up $0.0150 at $1.95. Three trades were made at $1.9475 and $1.95. Butter up $0.0225 at $2.6625. Two trades were made at $2.6625 and $2.68. Nonfat dry milk up $0.0150 at $1.8750. Ten trades were made from $1.86 to $1.8750.
(T3, D1)
