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.