On the Chicago Mercantile Exchange, milk futures were mostly higher Tuesday supported by positive results on the Global Dairy Trade index and higher cash markets. December Class III milk down a nickel at $15.79. January 22 cents higher at $16.32. February up 38 cents at $17.81. March 21 cents higher at $17.55. April through June contracts 12 to 19 cents higher.
On the spot trade, Blocks up $0.0225 at $1.6525. Eight trades were made ranging from $1.63 to $1.6525. Barrels up $0.0225 at $1.4575. Five trades were made ranging from $1.4350 to $1.4575. Butter up $0.03 at $1.4750. Eight trades were made ranging from $1.4475 to $1.4750. Nonfat dry milk up $0.0050 at $1.1425. Nine trades were made ranging from $1.10 to $1.1425. Dry whey unchanged at $0.4675.
The Global Dairy Trade index in New Zealand increased 1.3 per cent Tuesday. Gains were seen in almost all categories with butter, up 6 per cent, and cheddar, up 4.2 per cent, posting the largest increases.
