Market News

CME cash dairy prices higher

Cash dairy prices were higher on the Chicago Mercantile Exchange on Tuesday, supported by solid demand and improving global prices.

Dry whey up $0.0050 at $0.5250.

Blocks up $0.01 at $1.7850. Eighteen sales were made from $1.7775 to $2.7975.

Barrels up $0.0025 at $1.7925. Seven sales were made from $1.7750 to $2.7975.

Butter up $0.0025 at $2.34. Twelve trades were made at $2.34 and $2.35.

Nonfat dry milk up $0.01 at $1.20.

The Global Dairy Trade index in New Zealand on Tuesday posted its largest gain since at least last November, up 4.6 percent. Lactose saw a significant increase, up nearly 17 percent, followed by cheddar and whole milk powder. Mozzarella posted the only category loss, down 0.3 percent.