meta Class III milk drops lower, cash dairy mixed Tuesday in Chicago :: The Bullvine - The Dairy Information You Want To Know When You Need It

Class III milk drops lower, cash dairy mixed Tuesday in Chicago


On the Chicago Mercantile Exchange Milk futures closed Tuesday lower with a weekend holiday haze over the markets while cash prices remained mixed. Class III milk fell sharply losing 23 cents in June to $16.08 and 12 in July to 16.40. May continues to hold unchanged at $16.38 as we wind down the month of trading. Second half months saw losses of 5-12 cents and finished with an average at $16.70, 30 cents off our peak average of $17 we witnessed last week.

Dry whey down $0.0075 at $0.3525. Two trades were made at $0.3535 and $0.36. Blocks unchanged at $1.6825. Barrels down $0.0375 at $1.5425. Nine trades were made ranging from $1.54 to $1.58. Butter up $0.02 at $2.4075. Two trades were made at $2.4050 and $2.4075. Nonfat dry milk unchanged at $1.0450. Four trades were made at that price.


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