Market News

CME milk & cash dairy closed lower Tuesday

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

November Class III milk was down $0.11 at $17.06.  December was down $0.24 at $16.87.  January was down $0.16 at $17.04.  February was down $0.15 at $17.56.  March through September contracts ranged from unchanged in May and June to fifteen cents lower in April.   

Dry whey was unchanged at $0.3850. One sale was recorded at $0.3825. 

Forty-pound cheese blocks were down $0.0025 at $1.6975.  No sales were recorded. 

Cheese barrels were down $0.0350 at $1.5450.  Seven sales were recorded, ranging from $1.5450 to $1.5725. 

Butter was down $0.1125 at $2.8975.  Twelve sales were recorded, ranging from $2.89 to $2.93. 

Nonfat dry milk was down $0.0050 at $1.17.  One sale was recorded at that price.