Market News

CME milk futures lower, cash dairy mixed Tuesday

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

March Class III milk was down $0.08 at $17.70.  April was down $0.01 at $17.61.  May was down $0.06 at $17.84.  June was up $0.01 at $18.32.  July through January contracts were all unchanged except August, which was down $0.04 at $19.31

Dry whey was down $0.0075 at $0.4375.  One sale was made at that price.

Cheese blocks were down $0.07 at $1.8450.  No sales were recorded.

Cheese barrels were up $0.03 at $1.6675.  Fourteen sales were recorded from $1.6375 to $1.6675.

Butter was unchanged for a third straight trading session at $2.3450.  No sales were recorded.

Nonfat dry milk was down $0.0125 at $1.1650.  Two sales were recorded at $1.1575 and $1.1650.