On the Chicago Mercantile Exchange milk futures flipped higher Thursday as traders took back oversold positions and cash markets were mostly positive. March Class III milk was up a penny at $22.39. April 35 cents higher at $23.23. May up 42 cents at $23.75. June 25 cents higher at $23.95. July through September 24 to 31 cents higher.
In spot trade, Blocks up $0.0275 at $2.0775. Six sales were made from $2.0350 to $2.0775. Barrels up $0.0050 at $2.9850. Nine trades were made at $1.96 and $1.9850. Butter down $0.0350 at $2.70. Nine trades were made from $2.70 to $2.7375. Nonfat dry milk up $0.0175 at $1.8625. Dry whey unchanged at $0.76.
(T3, D1)
