Market News

CME milk futures, cash dairy mostly higher Tuesday

Milk futures and the cash dairy prices were mostly higher Tuesday on the Chicago Mercantile Exchange. 

April Class III milk was up $0.05 at $15.49.  May was up $0.36 at $17.22.  June was up $0.33 at $17.57.  July was up $0.20 at $17.98.  

August through November contracts ranged from two cents lower in November to twelve cents higher in August.  November was the only month to see a price drop Tuesday. 

Dry whey was up $0.02 at $0.38.  Two sales were recorded at $0.38 and $0.39. 

Forty-pound cheese blocks were up $0.0425 at $1.61.  Eleven trades were recorded, ranging from $1.60 to $1.61. 

Cheese barrels were up $0.0375 at $1.61.  Seven sales were recorded, ranging from $1.60 to $1.61. 

Butter was up $0.02 at $2.94.  Three trades were recorded, ranging from $2.94 to $2.95. 

Nonfat dry milk was down $0.0075 at $1.1275.  Four sales were recorded, ranging from $1.1225 to $1.1275.