On the Chicago Mercantile Exchange milk futures picked up mixed steam Tuesday ahead of a slightly bearish cold storage report. Class III Milk finished mixed as well. June gained 2 cents to 17.33, July up 2 to 16.48/cwt and Aug fell 16 to 16.83. Class IV followed butter. June fell 4 cents to 16.44, July down 11 to 16.22, and August fell 19 cents to 16.40/cwt.
The CME spot trade continues to struggle and saw a mixed result. Dry whey down $0.02 at $0.59. Two sales were made at $0.5850 and $0.59. Blocks up $0.0025 at $1.4750. Barrels down $0.01 at $1.47. Two trades were made from $1.4675 and $1.47. Butter down $0.0375 at $1.7840. Eight sales were made from $1.7450 to $1.7725. Nonfat dry milk up $0.0025 at $1.2575. Eight sales made from $1.2475 to $1.2625.
