On the Chicago Mercantile Exchange milk futures started the holiday-shortened week to the higher side Tuesday supported by improving global trade, while most cash markets came to a standstill. February Class III milk a penny higher at $15.64. March up 14 cents at $16.70. April up 12 cents at $17.26. May a dime higher at $17.50. June through August contracts four to nine cents higher.
On spot trade, butter up $0.06 at $1.4550. Two trades were made at that price. Nonfat dry milk up $0.0025 at $1.1150. Four trades were made ranging from $1.11 to $1.1175. Dry whey unchanged at $0.5425. Blocks unchanged at $1.5575. Barrels unchanged at $1.49.
(T4, D1)
