Milk futures were lower and the cash dairy markets were steady to higher Tuesday to start the new year on the Chicago Mercantile Exchange.
January Class III milk was down $0.02 at $15.41. February was down $0.11 at $15.63. March was down $0.12 at $16.29. April was down $0.04 at $17.10. May through November contracts ranged from unchanged from July through October to five cents lower in May.
Dry whey was unchanged for a third straight trading session at $0.3850. No sales were recorded.
Forty-pound cheese blocks were up $0.01 at $1.48. One sale was recorded at that price.
Cheese barrels were up $0.04 at $1.44. Ten sales were recorded, ranging from $1.43 to $1.45.
Butter was up $0.02 at $2.6850. Four sales were recorded, ranging from $2.6675 to $2.6850.
Nonfat dry milk was up $0.0025 at $1.1725. One sale was recorded at $1.17.
