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Markets Mixed After Declining Global Dairy Trade in Chicago Tuesday


On the Chicago Mercantile Exchange milk futures took note of declining global trade reports and ended Tuesday lower while cash trade was mixed. Class II and Class IV had a mismatch day after Global Dairy Trade event 255 kicked off the morning.  Class IV milk surged higher – March gained 13 to $15.58, April gained 11 to $15.65 and May gained 14 to $15.88. November saw the biggest gain in the futures months gaining 40 cents to $16.93.  Class III however saw March fall 3 to $16.34, April took the biggest move lower – losing 20 to $16.08 and May fell 10 to $16.28 per cwt. 

Dry whey down unchanged at $0.3350.  Blocks down $0.0050 at $1.7625.  Two sales were made at $1.7575 and $1.7625. Barrels down $0.0475 at $1.5375.   Four trades were made at that price. Butter up $0.03 at $1.86.  Two sales were made at $1.85. Nonfat dry milk up $0.03 at $1.14.  Nine trades were made ranging from $1.1325 to $1.14. 


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