Market News

CME milk futures keep falling, cash dairy mixed Tuesday

Milk futures continued to slide and cash dairy prices were mixed on the Chicago Mercantile Exchange Tuesday. 

October Class III milk was unchanged at $17.86.  November closed down $.63 at $18.74.  December closed down $.54 at $18.60.  January was down $.19 at $18.41.  February through August contracts ranged from three cents lower in July to nine cents higher in March.

Dry whey was down $.0050 at $0.62.  No sales were recorded. 

Blocks were down $.0475 at $1.7725.  There were three offers and no sales.

Barrels went down $.03 to $1.83.   There were two offers, but only one trade at $1.84..

Butter closed up $.0650 at $1.93.   There were eight butter sales ranging from $1.9050 to $1.93.

Nonfat dry milk was up $.0075 to $1.5450.  Six trades were made ranging from $1.5350 to $1.5450.