Market News

Milk futures higher, cash dairy mostly lower

Milk futures on the Chicago Mercantile shot higher Tuesday supported by strong barrel prices.

June Class III milk up 42 cents at $20.56.  July up 66 cents at $19.60.  August 45 cents higher at $17.92.  September up 39 cents at $17.49.  October through December contracts 19 to 29 cents higher.

Dry whey down $0.0075 at $0.3275.   Three trades were at that price.

Blocks down $0.0450 at $2.54.  One sale was made at $2.5850. 

Barrels up $0.0650 at $2.4250.  One sale was made at $2.41.

Butter down $0.0025 at $1.9225.  One sale was made at that price.

Nonfat dry milk down $0.0075 at $0.9525.  Ten trades were made ranging from $0.9525 to $0.9575.