Market News

Milk futures mostly higher, cash dairy mixed Tuesday

Most Class III milk futures contracts at the Chicago Mercantile Exchange finished with gains, thanks in part to record exports.

June milk closed up a penny at $15.22.  July was down four cents, settling at $14.06.  August milk finished two cents higher at $14.88.  The September contract closed three cents higher at $15.57.  The October through January contracts were up $0.02 to down $0.03 Tuesday.

Grade AA butter was down a cent at $2.2450.  Five loads sold, ranging from $2.24 to $2.2475.

Blocks were a penny higher at $1.46.

Barrels steady at $1.2050.  Six loads sold, ranging from $1.2050 to $1.2075.

Nonfat dry milk closed one cent higher at $0.7475.  Six loads sold, ranging from $0.7375 to $0.7475.

Dry weigh was down one cent at $0.39.