On the Chicago Mercantile Exchange milk futures continued mostly higher Tuesday seeing some support from global markets. Class III Milk continued a creep higher. April fell 15 to 17.45, May however gained 6 to 18.63, and June gained 14 cents to 18.84. The second half of 2021 has an average of 18.57/cwt. Class IV milk was quieter with April fall 2 to 15.33, May unchanged at 15.77, June unchanged at 16.10/cwt. The second half of 2021 has class IV averaging at 16.91/cwt.
The CME spot trade was another low volume trade. Blocks up $0.01 at $1.7850. Two sales were made at $1.78 and $1.7850. Barrels unchanged at $1.53. Two sales were made at $1.53 and $1.5325. Butter down $0.0050 at $1.8325. One trade was made at that price. Nonfat dry milk up $0.0025 at $1.1825. Two trades were made at $1.1825 and $1.1850. Dry whey unchanged $0.66.
The Global Dairy Trade Event 281 started our day with a slight move higher, up 0.3 percent, Tuesday. Butter milk powder had a significant surge in demand, up 17.6 percent, followed by cheddar and butter. Lactose had the only decline, down 6.5 percent.