Market News

Milk futures down, butter and cheese up Tuesday

Near-term dairy markets were down Tuesday on the Chicago Mercantile Exchange.

The Class III milk futures for November were down $.01 to $16.82.  December was down $.03 at $15.37.  January was down $.04 at $14.60.  February was down $.03 to $14.56  There were some minor increases for the April, May, and June futures.

Grade AA Butter closed up $.0025 at $2.2125.  Eighteen carloads were sold, but only one sold at $2.2125. Six sold at $2.20.

Barrels closed Tuesday up $.035 settling at $1.675.  One carload of barrels sold at $1.66.

40-pound blocks were up $.005 at $1.605.  Six carloads of blocks were sold ranging from $1.5825 to $1.60.

Nonfat dry milk closed down $.01 Tuesday at $.7150 per pound.  One carload sold at that price.