On the Chicago Mercantile Exchange Milk futures showed solid strength Tuesday supported by improving global markets at the Global Dairy Trade event 233 and strong cash trade. Class 3 markets traded anywhere from 3 to 20 cents higher on Tuesday. March expired at the end of Tuesday’s session at 15.06. April settled at 15.85 and may finished at 15.70. Class 4 markets traded higher as well. March expired at 15.76 and months April through December traded 2 to 12 cents higher.
Dry whey up $0.0025 at $0.3325. Five trades were made ranging from $0.3325 to $0.3350. Blocks up $0.01 at $1.65. Two trades were made at $1.6325 and $1.65. Barrels unchanged at $1.59. Seven trades were made at that price. Butter unchanged at $2.25. Nonfat dry milk up $0.0150 at $0.9750.
