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CME milk futures, cash dairy mixed Thursday
Milk futures and the cash dairy markets were mixed Thursday on the Chicago Mercantile Exchange.
February Class III milk was up $0.02 at $16.18. March was down $0.22 at $16.80. April was down $0.17 at $17.13. May was down $0.16 at $17.50.
June through December contracts ranged from seven cents lower in June to thirteen cents higher in October, with every month after June seeing a price increase. Thursday’s Class III trade volume was just over twenty-three hundred contracts.
Dry whey was up $0.01 at $0.53. No sales were recorded.
Forty-pound cheese blocks were down $0.0225 at $1.4925. Three sales were recorded, ranging from $1.4925 to $1.50.
Cheese barrels were down $0.02 at $1.5550. One sale was recorded at that price. Thursday was the third straight trading session where barrels were priced higher than blocks.
Butter was up $0.01 at $2.7275. Fifteen sales were recorded, ranging from $2.7125 to $2.7325.
Nonfat dry milk was down $0.0050 at $1.1750. One sale was recorded at that price.
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