CME milk futures down, cash dairy mixed Tuesday
Milk futures were lower and cash dairy markets were mixed Tuesday on the Chicago Mercantile Exchange.
October Class III milk was down $0.31 at $16.98. November was down $0.29 at $17.11. December was down $0.22 at $17.51. January was down $0.16 at $17.95. February through August contracts ranged from eleven cents lower in February to ten cents higher in June.
Dry whey was down $0.0350 at $0.29. Eighteen sales were recorded, ranging from $0.29 to $0.32.
Forty-pound cheese blocks were down $0.0225 at $1.7575. No sales were recorded.
Cheese barrels were down $0.0425 at $1.54. Seven sales were recorded, ranging from $1.54 to $1.56.
Butter was up $0.14 at $3.18. One sale was recorded at $3.10.
Nonfat dry milk was up $0.0225 at $1.1775. Two sales were recorded at $1.1775 and $1.18.