Market News

Milk futures, cash dairy trade higher

Milk futures on the Chicago Mercantile Exchange closed higher Thursday as declines in grains and gains in cash prices buoyed markets.

October Class III milk down six cents at $17.90. November 59 cents higher at $19.91. December up 59 cents at $19.64. January up 48 cents at $18.81. February through April contracts 17 to 36 cents higher.

Dry whey up $0.01 at $0.61. One sale was made at $0.6050.

Blocks up $0.01 at $1.76.

Barrels up $0.05 at $1.86. Five trades were made from $1.82 to $1.86.

Butter up $0.0450 at $1.8450. One trade was made at that price.

Nonfat dry milk up $0.0075 at $1.5275. Four trades were made at $1.5275 and $1.53.