Tuesday’s Global Dairy Trade index fell half-a-percent, with the average price of dairy products settling at $3,467 a metric ton. It’s the first overall decline since September 19th, with three of the last five trading sessions showing significant gains. On the Chicago Mercantile Exchange milk futures were down and cash dairy prices were mixed Tuesday. Class III milk was softer. December gained 1 to $20.41, but Jan fell 2 to $19.34, and Feb fell 7 to $18.92 per cwt. Our first half average for 2020 sits at $18.17 per cwt. Class IV milk was unchanged in December at $16.65, but saw January fall 14 to $16.84, February fell 20 to $17.20 and the Class IV first half average for 2020 is at $17.43 per cwt.
Dry whey was unchanged at $.3550 cents per pound. No sales were recorded. Forty-pound blocks were up $.0150 at $1.9475 per pound. One sale was recorded at that price. Barrels were up $.0050 at $2.2625 per pound. Five sales were recorded from $2.2575 to $2.2625. Grade AA Butter was down $.0275 at $1.9475 per pound. Three sales were recorded from $1.9425 to $1.9450. Nonfat dry milk was down $.0125 at $1.25 per pound. One sale was recorded that price.
