The Class III milk market on Tuesday continued its upward on the Chicago Mercantile trade after Monday’s limit higher move. Milk futures closed higher Tuesday following a mostly positive Global Dairy Trade report and mixed cash trade. June Class III milk up four cents at $20.64. July up 15 cents at $19.42. August up 11 cents at $17.89. September six cents higher at $17.36. October through December contracts eight cents lower to 11 cents higher.
CME spot dairy auction closed as a mixed bag. Dry whey up $0.01 at $0.3150. One trade was made at that price. Blocks unchanged at $2.50. Two trades were made at that price. Barrels up $0.0050 at $2.3250. Two trades were made at $2.3225 and $2.3250. Butter down $0.0225 at $1.8225. Nine trades were made ranging from $1.8125 to $1.8250. Nonfat dry milk unchanged at $1.0125. One trade was made at $1.01.
