On the Chicago Mercantile Exchange milk futures were mostly down and cash dairy prices were mixed Tuesday. Class III milk futures rebounded over course of the trading day on Tuesday. July milk dropped 20 cents to $23.36/cwt. August Milk fell 11 cents to $24.02/cwt. September milk inched 3 cents higher to $23.95/cwt. Class IV milk futures were higher on the day.
It was a mixed bag in the CME Dairy Product Auction on Tuesday. Cheese Blocks were down $0.0450 at $2.10. One sale was made at $2.11. Cheese Barrels were up $0.0125 to $2.17. No trades were recorded. Butter was down $0.01 to $2.93. No trades were recorded. Nonfat dry milk was up $0.01 to $1.81. Two sales were recorded at that price. Dry whey was unchanged at $0.5075. No sales were recorded.
