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Milk Futures Mostly Higher on Tuesday


Following the Presidents’ Day holiday Class III milk futures at the Chicago Mercantile Exchange closed mostly higher Tuesday on technical buying. February milk closed down $0.01 at $13.48. March was up $0.11 at $14.21. April closed $0.09 higher to $14.15. May milk was up $0.08 at $14.42. The rest of the 2018 milk futures closed two to nine cents a hundredweight higher.

Grade AA Butter was $0.04 higher at $2.14. Fourteen loads were sold ranging from $2.12 to $2.15. Barrels were up $0.0025 at $1.4825. Three loads were sold at $1.4825. 40 # blocks were up $0.0050 at $1.5450. Nonfat dry milk was dropped $0.0225 to $0.6825. Six loads were sold ranging from $0.68 to $0.6875. The Global Dairy Trade auction index was down 0.5 percent from the last event at $3,623 per ton, the first decline since December 2017. Skim milk powder was down 3 percent, while anhydrous milk fat was down 1.9 percent. Cheddar cheese drop 1.3 percent and butter gained 1.1 percent


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