Market News

Milk futures, cash dairy higher

Milk futures on the Chicago Mercantile Exchange marched higher Thursday as positive global trade and strong cash markets support prices.

March Class III milk was up 19 cents at $22.43. April 39 cents higher at $23.44. May up 48 cents at $23.55. June 54 cents higher at $23.45. July through September 23 to 40 cents higher.

Dry whey up $0.0150 at $0.7550.

Blocks up $0.0475 at $2.1025. Two sales were made at $2.10 and $2.1025.

Barrels up $0.05 at $1.97. Five trades were made from $1.94 to $1.97.

Butter up $0.0225 at $2.70. Ten sales were made from $2.70 to $2.7175.

Nonfat dry milk unchanged at $1.8750. One trade was made at that price.