On Thursday, the Chicago Mercantile Exchange saw mixed milk futures and cash dairy markets.
- February Class III milk went up $0.02 to $16.18. March was down $0.22 to $16.80. April was down $0.17 to $17.13. May was down $0.16 to $17.50.
- Contracts from June to December varied from seven cents lower in June to thirteen cents higher in October, with prices increasing each month following June. Thursday’s Class III transaction volume was little over 2300 contracts.
- Dry whey went up $0.01, to $0.53. There were no sales registered.
- 40-pound cheese blocks were down $0.0225 to $1.4925. Three transactions were reported, with prices ranging from $1.4925 to $1.50.
- Cheese barrels were down $0.02 at $1.5550. There was one sale at that price. Thursday was the third consecutive trading day in which barrels were valued higher than blocks.
- Butter was up $0.01, at $2.7275. Fifteen transactions were registered, with prices ranging from $2.7125 to $2.7325.
- Nonfat dried milk was down $0.0050, to $1.1750. There was one sale at that price.
