Market News

Milk futures mostly lower, cash dairy higher

Milk futures on the Chicago Mercantile Exchange turned around Tuesday as markets came down from recently announced food box purchase optimism, cash was higher for the day.

December Class III milk up 16 cents at $15.55.  January nine cents lower at $16.06.  February down nine cents at $16.74.  March eight cents lower at $16.95.  April through June contracts 10 to 12 cents lower.

Dry whey up $0.0025 at $0.4650.  One sale was made at that price. 

Blocks up $0.0475 at $1.6425.  Four trades were made ranging from $1.6350 to $1.6575.

Barrels up $0.0150 at $1.42.  Eleven trades were made ranging from $1.4075 to $1.42. 

Butter up $0.01 at $1.5350.  Eighteen trades were made ranging from $1.5275 to $1.54. 

Nonfat dry milk unchanged at $1.15.