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Milk Markets Calm in Chicago Tuesday

On the Chicago Mercantile Exchange, calmness started to return to commodity markets on Tuesday.  Class III milk was unchanged in March at $16.26 and April at $16.08. May fell 12 to $15.38 and July – Dec was mixed varying from 3 higher to 10 lower and averaging at $16.06 per cwt.  Class IV milk was unchanged at $14.90 for March, but fell sharply in the balance of 2020 April fell18 at $13.88, $May fell 28 to 13.69 and the second half fell 4-39 cents to average at $14.99 per cwt.

Dry whey unchanged at $0.33. Blocks down $0.0225 at $1.8150.  Four trades were made, ranging from $1.8150 to $1.8475. Barrels $0.02 higher at $1.45.  Eleven trades made, ranging from $1.43 to $1.45. Butter down $0.03 at $1.71.  Nonfat dry milk down $0.0050 at $1.00.  Four trades made, with a range of $0.9950 to $1.00.

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