Market News

CME milk, cash dairy mostly lower Tuesday

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

February Class III milk was down $0.07 at $17.77.  March was down $0.05 at $17.41.  April was down $0.07 at $17.83.  May was up $0.01 at $18.29.  June through December contracts were all unchanged except June, which fell $0.05 to $18.70

Dry whey was up $0.0150 at $0.43.  One sale was recorded at that price.

Cheese blocks were down $0.0150 at $1.8350.  Two sales were recorded at $1.8250 to $1.8350.

Cheese barrels were down $0.0150 at $1.5850.  Five sales were recorded from $1.5850 to $1.5925.

Butter was up $0.0150 at $2.3950.  No sales were recorded.

Nonfat dry milk was down $0.0150 at $1.2350.  Four sales were recorded from $1.23 to $1.2350.