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Class III milk up in Chicago Tuesday

On the Chicago Mercantile Exchange, milk futures were higher, while cash dairy prices were mixed. Today, the Class III Dairy Complex exploded, with March Class III milk up $0.17 to $17.95. April was $0.75 higher at $18.53. May was $0.66 higher at $18.60. June was $0.54 higher at $18.87. Contracts from July to January ranged from unchanged in December to forty cents higher in July.

Dry whey was down $0.0025 on the spot market, trading at $0.4375. At that price, one sale was recorded. Cheese blocks increased $0.1150 to $1.9250. Two sales were made for $1.85 and $1.90. Cheese barrels increased $0.0450 to $1.84. Seven sales ranged from $1.7950 to $1.84. The price of butter remained unchanged at $2.38. There were no sales recorded. The price of nonfat dry milk remained unchanged at $1.1750. Five sales ranged from $1.1750 to $1.1825.

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