On the Chicago Mercantile milk futures continued mostly lower Tuesday as did cash trade. Class III milk continued its slide lower outside of Feb that gained 2 cents to 17.03, March fell 9 to 16.53, and April fell 8 to 16..39/cwt. Class IV milk saw double digits move lower though February held unchanged at 16.17. March was down 17 to 15.38, and April fell 24 cents to 15.28/cwt.
The CME spot Dairy Market saw limited volume for the second day. Only 3 total loads traded across the 5 products for the week so far. Corona Virus continues to be our main market driver with lack of fresh spot market information. Dry whey down $0.0175 at $0.3525. Blocks down $0.0075 at $1.76. Barrels unchanged at $1.59. One sale was made at that price. Butter down $0.0075 at $1.73. Nonfat dry milk down $0.0350 at $1.1050. Two trades were made at $1.1050 and $1.11.
