On the Chicago Mercantile Exchange milk futures were higher Tuesday on positive global markets while cash trade was mixed. Class III milk futures were higher on Tuesday after the positive GDT session. First half 2020 months rose 10-25 cents while the second half traded 60-10 cents higher. Class IV was also stronger as months ended even to 15 cents higher.
CME spot product markets on Tuesday had dry whey up $0.01 at $0.3250. Seven sales were made ranging from $0.3150 to $0.3250. Blocks unchanged at $1.88. Barrels unchanged at $1.6425. Butter down $0.0150 at $1.88. Two trades were made at $1.88 and $1.8950. Nonfat dry milk up $0.0225 at $1.2525. Ten trades were made ranging from $1.25 to $1.2550.
