On the Chicago Mercantile Exchange milk futures and cash dairy markets were mostly down Tuesday, August 3rd. Class III Milk fell 15 in August to 15.96, September down 22 to 15.93, and October fell 19 to 16.48/cwt. Class IV milk also followed butter lower. August held unchanged at 15.55, but September fell 21 to 15.63, and October fell 18 to 15.78/cwt.
On spot trade dry whey was down $.0225 at $.48. There were two trades at that price. Blocks were unchanged for a second straight day at $1.6350, and like Monday, no sales were recorded. Barrels went down $.0025 to $1.3075. There was one sale at that price. Butter closed down $.08 at $1.62 losing Monday’s five-cent gain. There were two sales at $1.62 and $1.6250. Nonfat dry milk was down $.0075 to $1.2675. One sale was made at $1.27.
Feed markets also saw red as the USDA crop progress report Monday showed small improvements. December corn fell 7 ½ cents to 5.51 ¾, November soybeans fell 33 ¾ cents to 13.19 3/4, with soybean meal falling $8.90 to 347.50/ton