On the Chicago Mercantile Exchange milk futures were modestly higher Thursday as a supportive supply and demand report kept trader optimism throughout the day. February Class III milk was up eight cents at $20.74. March seven cents higher at $22.11. April up four cents at $22.55. May a penny lower at $22.19. June through August three to eight cents higher.
In spot trade, dry whey down $0.0375 at $0.79. Three sales were made from $0.79 to $0.81. Blocks unchanged at $1.90. Barrels unchanged at $1.8575. Butter up $0.0450 at $2.5775. Nonfat dry milk up $0.0125 at $1.88. Two sales were made at $1.8725 and $1.88.
(T2, D1)
