At the Chicago Mercantile Exchange Tuesday milk futures were mostly higher and cash dairy prices remain mixed. Class III milk had nice gains in every month except February which fell a penny to $13.94. The remainder of 2019 had its fourth positive trading day to finish up as many as 20 cents. Jan – June average coming in at $14.86/cwt and Second half at $16.35. March Milk was once again the largest mover, finishing up 20 cents to $15.27. This continues a nearly 80 cent rally since its close on Feb 20th. Class IV milk did not fair as well, weaker trading had forward month down7-27 cents, but March traded unchanged at $15.88.
Dry whey was up $.0050 at $.3475 cents per pound.Seven sales were recorded from $.3450 to $.3475. Forty-pound blocks were up $.0125 at $1.61 per pound. Two sales were recorded at $1.5975 and $1.61. Barrels were unchanged at $1.41 per pound. Eight sales were recorded at that price. Grade AA Butter was down $.0025 to $2.2650 per pound. No sales were recorded. Nonfat dry milk was down $.0025 to $.9850 per pound. Two sales were recorded at $.9850 and $.99 cents a pound.
