On the Chicago Mercantile Exchange milk futures ping-ponged in variable trade while cash cheese provided some underlying strength Tuesday. December Class III milk up six cents at $15.76. January 16 cents lower at $16.26. February 20 cents higher at $17.93. March up 14 cents at $17.77. April through June contracts unchanged to a nickel higher.
On the spot market, Dry whey unchanged at $0.4675. Blocks up $0.02 at $1.6350. Twelve sales were made ranging from $1.6150 to $1.6350. Barrels up $0.0225 at $1.4925. Four sales were made ranging from $1.47 to $1.4925. Butter unchanged at $1.4925. Nonfat dry milk down $0.0075 at $1.1350. Ten sales were made at $1.1350 and $1.1375.
(T1, D1)
