Milk futures and the cash dairy markets were lower except for butter Tuesday on the Chicago Mercantile Exchange.
March Class III milk was down $0.18 at $16.52. April was down $0.33 at $16.25. May was down $0.19 at $16.86. June was down $0.18 at $17.44.
July through January contracts ranged from unchanged in January to seventeen cents lower in July. Tuesday’s Class III trade volume was 2,197 contracts.
Dry whey was down $0.01 at $0.4150. No sales were recorded.
Forty-pound cheese blocks were down $0.0375 at $1.49. Six sales were recorded, ranging from $1.47 to $1.49.
Cheese barrels were down $0.0225 at $1.6250. Five sales were recorded, ranging from $1.61 to $1.63.
Butter was up $0.0175 at $2.8275. Thre sales were recorded, ranging from $2.8275 to $2.83.
Nonfat dry milk was down $0.0275 at $1.17. Two sales were recorded at $1.17 and $1.1750.
