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Rise in milk futures and cash dairy prices

Milk futures on the Chicago Mercantile Exchange were up Thursday, boosted by a positive milk output report and a weaker currency.

February Class III milks a cent at $16.19. March ended 15 cents higher at $17.13. April closed 46 cents higher at $17.66. May rose 41 cents to $17.95. June through August futures are 16 to 31 cents higher.

Dry whey is up $0.0050 to $0.5150.

Blocks down $0.0150 to $1.50. Two deals were executed at that price.

Barrels rose $0.0025 to $1.61. There was just one transaction at that price.

Butter up $0.0375 for $2.8125. Six deals were executed at that price.

Nonfat dried milk is up $0.0025 to $1.1975. Nine transactions were made between $1.1950 and $1.1975.

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