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Milk Futures Higher, Cash Dairy Mixed

Milk futures on the Chicago Mercantile Exchange started the week slightly higher supported by improving cash cheese trade.


February Class III milk unchanged at $15.61.  March up nine cents at $16.36.  April six cents higher at $16.82.  May eight cents higher at $17.30.  June through August contracts unchanged to six cents higher.


Dry whey unchanged at $0.5475.


Blocks up $0.0325 at $1.57.  Two sales were made at $1.56 and $1.57.


Barrels unchanged at $1.4125.


Butter down $0.04 at $1.51.


Nonfat dry milk down $0.0050 at $1.0975.  Two trades were at $1.0950 and $1.0975.