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Milk futures, cash dairy mostly higher

Milk futures on the Chicago Mercantile Exchange were higher Tuesday supported by strong cash markets.

June Class III milk up a nickel at $15.24. July 32 cents higher at $16.29. August up 30 cents at $17.17. September 13 cents higher at $17.87. October through December contracts five to 13 cents higher.

Dry whey up $0.01 at $0.2750.

Blocks up $0.03 at $1.46. One sale was made at that price.

Barrels up $0.0175 at $1.5675. Three trades were made at $1.5650 and $1.5675.

Butter down $0.0250 at $2.3775. Five trades were made from $2.3775 to $2.40.

Nonfat dry milk up $0.0025 at $1.1650. Six sales were made at $1.1625 and $1.1650.

The Global Dairy Trade index in New Zealand on Tuesday continued its negative streak, down 0.9 percent. Whole milk powder saw the largest decline, down 3 percent, followed by butter milk powder, down 2.4 percent. Cheddar sales were up 7.4 percent.

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