Milk futures continued to fall, while cash dairy markets on the Chicago Mercantile Exchange were mixed Tuesday. September Class III milk was $18.29, a $0.10 decrease. October was down $0.46 at $18.04, representing a loss of $1.17 per hundredweight over the previous three trading sessions. November’s price went down $0.26 to $18.24. December’s price went down $0.13 to $18.25. Contracts for January through August varied from one cent higher in May to nineteen cents lower in June.
Dry whey was trading at $0.30, up $0.0050. Two sales of $0.2975 and $0.30 were reported. Cheese cubes weighing forty pounds were down $0.0550 to $1.87. At that price, one sale was made. Cheese barrels down $0.0225 to $1.8050. At that price, three sales were recorded. Butter was trading at $2.7225, up $0.0425. Four transactions were registered, with prices ranging from $2.69 to $2.72. Nonfat dried milk stayed steady at $1.10, although five transactions were reported at that price, in contrast to Monday’s absence of purchasing activity.
