Milk futures on the Chicago Mercantile Exchange closed higher Thursday as traders corrected oversold positions and cash markets were mostly higher. 

May Class III milk was up 22 cents at $24.94.  June 36 cents higher at $24.66.  July up 12 cents at $24.24.  August 14 cents higher at $23.74.  September through November 16 to 26 cents higher. 

Dry whey down $0.0025 at $0.5850.   

Blocks up $0.0025 at $2.35.  Two trades were made at $2.35 and $2.3525.   

Barrels up $0.03 at $2.33.  One sale was made at that price. 

Butter up $0.01 at $2.66.  Three trades were made at $2.66 and $2.67. 

Nonfat dry milk up $0.0050 at $1.74.  One trade was made at that price. 

The USDA has adjusted April Class and Component prices higher.  The Class II milk price was set at $25.71 per hundredweight, up $0.95 from March, the Class III price was $24.42, $1.97 higher, and Class IV was $25.31, up $0.49. 

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