Market News

Milk futures, cash dairy mixed

Milk futures on the Chicago Mercantile Exchange were mixed Tuesday as were cash markets, while global trade provided little direction.

May Class III milk up three cents at $18.88.  June down 44 cents at $18.48. July down 30 cents at $19.12. August down 20 cents at $19.27. September through November contracts 12 cents lower to three cents higher.

Dry whey down $0.0050 at $0.6350. Four sales were made from $0.6350 to $0.6450.

Blocks down $0.05 at $1.6325. Four trades were made at $1.6325 and $1.6375.

Barrels up $0.03 at $1.8525. Sixteen trades were made from $1.6250 to $1.64.

Butter down $0.0525 at $1.8225.

Nonfat dry milk up $0.0075 at $1.3125. Six trades were made from $1.31 to $1.3150.

The Global Dairy Trade index in New Zealand continued its decline albeit fractionally, down 0.2 percent, Tuesday. Butter was down 2.2 percent, followed by declines in whole milk powder and anhydrous milk fat. Lactose was up 1.6 percent along with cheddar and skim milk powder.