On the Chicago Mercantile Exchange milk futures closed higher Tuesday after a mostly supportive supply and demand report and higher cash trade. Class III milk followed the parade of green. June gained 5 cents to $16.35/cwt, July gained 13 to $16.84 and the second half average gained 4-14 to finish at $17.13/cwt. Class IV milk gained 0-4 cents and had June at $16.80, July at 17.20 and second half finished Tuesday averaging $17.42/cwt
The CME spot product trade also showed nice gains. Blocks up $0.01 at $1.7950. One trade was made at that price. Barrels up $0.0175 at $1.5525. One trade was made at that price. Butter up $0.0175 at $2.4050. Four trades were made ranging from $2.39 to $2.4050. Dry whey unchanged at $0.3575. Nonfat dry milk unchanged at $1.0550.
