On the Chicago Mercantile Exchange milk futures closed mostly higher Tuesday picking up some strength in global markets while cash trade was mixed. Class III milk prices results had July futures down two cents while August – December months gained 6-14 cents. The 2nd half of 2019 is offering $17.47 per cwt. Class IV milk was also up to the effect of 3-7 cents August through November. Grain prices had a weak performance on Tuesday as corn dropped 5 ¾ cents, soybeans were down 14 cents, and the wheat complex lost 1-3 cents.
The CME spot product market followed GDT with mixed results. Dry whey up $0.0025 at $0.3225. One trade was made at that price. Blocks up $0.0125 at $1.7750. Barrels down $0.0225 at $1.69. Nine trades were made ranging from $1.69 to $1.71. Butter up $0.0050 at $2.4350. Four trades were made ranging from $2.43 to $2.45. Nonfat dry milk down $0.0025 $1.0250.