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Milk futures higher, cash dairy mixed
Milk futures on the Chicago Mercantile continued higher Tuesday supported by improving stocks, exports, and a bullish milk production report.
April Class III milk remained unchanged at $15.92. May up a nickel at $15.87. June up two cents at $16.06. July six cents higher at $16.31. August through December contracts were four to seven cents higher.
Dry whey down $0.0025 at $0.3350. Four trades were made ranging from $0.3350 to $0.3375.
Blocks down $0.0025 at $1.6725.
Barrels unchanged at $1.5750.
Butter down $0.0075 at $2.2625. Seven trades were made ranging from $2.2550 to $2.2650.
Nonfat dry milk up $0.0125 at $1.0125. Seven trades were made ranging from $1.0050 to $1.0125.
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