Milk futures on the Chicago Mercantile Exchange turned higher Thursday supported by positive cash cheese trade and optimism following additional COVID aid.
March Class III milk nine cents higher at $16.37. April up 23 cents at $18.09. May 15 cents higher at $18.48. June up a nickel at $18.30. July through September contracts a nickel to a dime higher.
Dry whey unchanged at $0.5925.
Blocks up $0.0450 at $1.7950.
Barrels up $0.05 at $1.55. One sale was made at that price.
Butter down $0.0050 at $1.7050. Two trades were made at $1.68 and $1.6825.
