CME milk futures & cash dairy lower Tuesday

CME milk futures & cash dairy lower Tuesday

Milk futures and the cash dairy markets were lower except for whey Tuesday on the Chicago Mercantile Exchange.   

December Class III milk was down $0.05 at $16.18.  January was down $0.17 at $16.29.  February was down $0.23 at $16.53.  March was down $0.10 at $17.26.  April through November contracts ranged from three cents lower in July, August, and October to ten cents lower in May. 

Dry whey was up $0.0050 at $0.3950.  No sales were recorded. 

Forty-pound cheese blocks were down $0.02 at $1.58.  Three sales were recorded, ranging from $1.58 to $1.60. 

Cheese barrels were down $0.0575 at $1.4925.  Six sales were recorded, ranging from $1.4925 to $1.54. 

Butter was down $0.0750 at $2.50.  Four sales were recorded, ranging from $2.50 to $2.5775. 

Nonfat dry milk was down $0.0025 at $1.1625.  One sale was recorded at that price.