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CME milk, cash dairy prices lower Tuesday

Milk futures lower and cash dairy prices were steady to lower Tuesday on the Chicago Mercantile Exchange. 

May Class III milk was down $0.25 at $18.13.  June was down $0.32 at $18.22.  July was down $0.21 at $18.54. August was down $0.09 at $18.75.    

September through November contracts ranged from three cents lower in November to ten cents lower in September.     

Dry whey was down $0.01 at $0.38.  One sale was recorded at that price. 

Forty-pound cheese blocks were unchanged at $1.76.  No sales were recorded. 

Cheese barrels were unchanged at $1.77.  No sales were recorded. 

Butter was down $0.03 at $2.97.  Seven sales were made, ranging from $2.9650 to $3.00. 

Nonfat dry milk was down $0.0025 at $1.1175.  Six sales were recorded, ranging from $1.1150 to $1.1250. 

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