At the Chicago Mercantile Exchange, the dairy markets were mostly lower on Tuesday, but the Global Dairy Trade index went up. GDT event 225 was released on Tuesday and was mainly higher. The leader of the index, butter milk powder, rose 16.9% to $1.34 per pound. Anhydrous milk fat rose 3.9% to $2.15 per pound. Butter rose 2.7% to $1.65 per pound. Whole milk powder followed as it rose 2.5% to $1.20 per pound. Cheddar was the only product with losses as it fell 2.2% to $1.44 per pound. The index as a whole was increased by 2.2%. In Chicago, theClass III markets were mainly lower on Tuesday with the November contract expiring at $14.47 per cwt. December fell 11 cents to $13.89 per cwt. 2019 Class III markets were mainly lower showing losses from 3 to 27 cents with most action in the front months. The first and second half averages are at $15.15 and $16. January was down $.27 to $14.31. February was down $.15 to $14.73. March was down $.10 at $15.05. The milk futures from April through next November ranged from five cents lower to two cents higher.
Dry whey was up $.0025 at $.4325 cents per pound. Three trades were recorded at $.43. Forty-pound blocks were unchanged at $1.36 per pound. One trade was recorded at that price. Barrels were unchanged at $1.28 per pound. Two sales were recorded at $1.28 and $1.29. Grade AA Butter was down $.0100 at $2.2325 per pound. No sales were recorded. Nonfat dry milk was unchanged at $.9150 per pound. No sales were recorded.
