On the Chicago Mercantile Exchange milk futures continued higher supported by global optimism. Class III futures jumped double digits February through December 2020 and three months even touched $18 per cwt on Tuesday. February through June closed with an average price of $17.66 per cwt while second half prices are offering $17.92 per cwt. Class IV markets fell 6 cents in March but added 1-5 cents in the second half of the year. Class IV February to June is offering $17.72 per cwt and the second half is pricing out at $18.37 per cwt respectively.
Dry whey down $0.0050 at $0.3625. Nine sales were made at $0.3625 and $0.3650. Blocks up $0.0025 at $1.9650. Three trades were made at $1.9475 and $1.9550. Barrels up $0.0350 at $1.5975. Four trades were made at $1.5975 and $1.6025. Butter unchanged at $1.88. Nonfat dry milk up $0.0050 at $1.2950.
