Market News

Milk futures, cash dairy trade mostly lower

Milk futures on the Chicago Mercantile Exchange continued a major sell-off Tuesday following USDA reports and mostly negative cash markets.

January Class III milk was down two cents at $20.28. February 54 cents lower at $19.91. March down 75 cents at $20.81. April 45 cents lower at $20.98. May through July five to 20 cents lower.

Dry whey up $0.02 at $0.82. Two sales were made at $0.8150 and $0.82.

Blocks down $0.0350 at $1.76. Two sales were made at $1.76 and $1.7675.

Barrels down $0.07 at $1.7050. One trade was made at that price.

Butter down $0.1475 at $2.70. Two sales were made at $2.70 and $2.7275.

Nonfat dry milk down $0.01 at $1.825. Two trades were made at $1.8025 and $1.8050.

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