Market News

CME milk futures, cash dairy lower Tuesday

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

May Class III milk was down $0.06 at $16.40.  June was down $0.16 at $16.88.  July was down $0.05 at $17.65.  August was down $0.05 at $18.45.  September through April contracts ranged from unchanged in January, February, and March to four cents lower in September.

Dry whey was down $0.0150 at $0.3125.  Nineteen sales were recorded from $0.31 to $0.32.

Cheese blocks were unchanged at $1.6125.  No sales were recorded.

Cheese barrels were unchanged at $1.5150.  Twenty-four sales were recorded from $1.5050 to $1.53.

Butter was down $0.0350 at $2.3950.  No sales were recorded.

Nonfat dry milk was down $0.0175 at $1.18.  Three sales were recorded at that price.