Market News

Milk futures, cash dairy mostly lower

Milk futures on the Chicago Mercantile Exchange ended Tuesday lower as did most cash markets.

July Class III milk down up penny at $24.42.  August down 20 cents at $21.91.  September 40 cents lower at $20.09.  October 29 cents lower at $18.61.  November through January contracts 11 to 29 cents lower.

Dry whey unchanged at $0.3425. 

Blocks down $0.04 at $2.44.  Two trades were made at $2.4475 and $2.45.

Barrels down $0.01 at $2.44. 

Butter down 0.0175 at $1.71.  Two trades were made at $1.71 and $1.7250.

Nonfat dry milk unchanged at $0.99.  Three trades were made ranging from $0.9875 to $9950.