Market News

CME milk futures, cash dairy up Tuesday

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

March Class III milk was up $0.19 at $17.84.  April was up $0.24 at $18.07.  May was up $0.17 at $18.45.  June was up $0.11 at $18.89.  July through January contracts ranged from eight cents lower in January to twelve cents higher in November.

Dry whey was unchanged at $0.45.  No sales were recorded.

Cheese blocks were up $0.08 at $1.96.  Four sales were recorded from $1.90 to $1.96.

Cheese barrels were up $0.0350 at $1.5825.  Nine sales were recorded from $1.5525 to $1.5825.

Butter was up $0.0050 at $2.38.  One sale was recorded at #2.36.

Nonfat dry milk was unchanged at $1.22.  One sale was recorded at $1.2225.