Milk futures higher, cash dairy mixed
Milk futures on the Chicago Mercantile Exchange closed higher Tuesday despite declining global trade and mixed cash movement.
October Class III milk up six cents at $22.26. November increased 42 cents to $21.80. December up 26 cents at $21.23. January three cents higher at $20.67. February through April contracts nine cents lower to three cents higher.
Dry whey down $0.0175 at $0.4225. One sale was made at $0.42.
Blocks unchanged at $2.00.
Barrels up $0.0175 at $2.2275. Two trades were made at that price.
Butter up $0.0325 at $3.21. Eight trades were made from $3.20 to $3.2125.
Nonfat dry milk down $0.0050 at $1.5375. Two trades were made at that price
The Global Dairy Trade index in New Zealand turned negative this week down 3.5 percent, the first time since mid-August. Declines were reported in most all categories including butter, down seven percent and whole milk powder, down four percent.