On the Chicago Mercantile Exchange milk futures closed mostly higher Thursday aligning with the direction of cash trade and boosted by additional food box program purchases. September Class III milk down five cents at $16.25. October 15 cents higher at $19.04. November up 35 cents at $17.95. December 31 cents higher at $16.99. January through March contracts five to 22 cents higher.
Moving along to the CME Cash Dairy Product Trade, dry whey up $0.0150 at $0.3550. Three sales were made at $0.3450 and $0.3525. Blocks up $0.0725 at $2.40. One trade was made at that price. Barrels up $0.0250 at $1.6350. Four trades were made ranging from $1.63 to $1.64. Butter up $0.02 at $1.53. Four trades were made ranging from $1.52 to $1.53. Nonfat dry milk down $0.0075 at $1.06. Four trades were made at $1.0575 and $1.06.
The grain complex rallied higher on the day. December corn settled 3.50 cents higher to $3.7525/bushel, which is the highest close in just over 6 months. November soybeans continued its tear higher, surging 17.25 cents to $10.2850/bushel. December Chicago Wheat increased 14.25 cents to $5.5625.
