Market News

CME milk futures higher, cash dairy mixed Tuesday

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

September Class III milk was up $0.52 at $20.87.  October closed up $0.19 at $20.98.  November was up $0.36 at $21.64.  December was up $0.18 to $21.28.  January through July contracts ranged from seven cents higher in January to twenty-three cents higher in April and May. 

Dry whey went up $0.0050 to $0.45.  Two sales were recorded at that price.

Cheese blocks were unchanged at $1.89.  No sales were recorded.

Cheese Barrels were unchanged at $1.9475.  No sales were recorded.

Butter went down $0.0225 closing at $2.9625.  Twenty-one sales were recorded from $2.95 to $3.0025.

Nonfat dry milk closed up $0.0100 at $1.5275. Two sales were recorded at $1.5250 and $1.5275.