meta CME Markets Moves Higher on Global Market Reports Tuesday in Chicago :: The Bullvine - The Dairy Information You Want To Know When You Need It

CME Markets Moves Higher on Global Market Reports Tuesday in Chicago


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.


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