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Butter Passes $3 in Chicago Monday


On the Chicago Mercantile Exchange milk futures fell and cash dairy prices were mixed Tuesday. July Class III milk was unchanged at $22.53.  August closed down $0.03 at $20.43.  September closed down $0.10 at $20.40.  October was down $0.14 to $20.78.  November through June contracts ranged from unchanged in March, April, May, and June to seventeen cents lower in December. 

In spot trade, dry whey was down $0.0050 at $0.44.  No sales were recorded. Cheese blocks were up $0.04 closing at $1.8875. Two sales were recorded at $1.8850 and $1.8875. Cheese Barrels were up $0.0050 at $1.8850.  No sales were recorded. Butter went up $0.0450 closing at $3.0325.  One sale was made at $3.0275. Nonfat dry milk was down $0.0250 at $1.6150. One sale was recorded at that price.


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