Market News

Milk futures, cash dairy higher

Milk futures on the Chicago Mercantile Exchange were higher Friday supported by a lower dollar and tight milk supplies.

February Class III milk down five cents at $16.14. March 18 cents higher at $17.31. April 19 cents higher at $17.85. May up 21 cents at $18.16. June through August contracts five to 23 cents higher.

Dry whey up $0.0075 at $0.5225.

Blocks up $0.05 at $1.55. Fourteen trades were made from $1.51 to $1.55.

Barrels up $0.0050 at $1.6150. Four trades were made at $1.61 and $1.6150.

Butter up $0.0375 at $2.85. Three trades were made from $2.83 to $2.85.

Nonfat dry milk up $0.0025 at $1.20.

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