Market News

Milk futures, cash dairy trade higher

Milk futures on the Chicago Mercantile Exchange found strength Tuesday from improving cash trade and declining grain prices.

August Class III milk up a penny at $15.98. September up nine cents at $16.75. October 24 cents higher at $16.90. November up 18 cents at $17.24. December through February contracts 12 to 20 cents higher.

Dry whey unchanged at $0.4975.

Blocks unchanged at $1.71.

Barrels up $0.0150 at $1.38.

Butter up $0.05 at $1.7650. Fourteen trades were made from $1.73 to $1.7650.

Nonfat dry milk up $0.0175 at $1.32. Two trades were made at that price.