On the Chicago Mercantile Exchange, milk futures were higher Tuesday as optimism following the passage of the new omnibus spending bill swept through markets. December Class III milk up a penny at $15.70. January 75 cents higher at $16.38. February 75 cents higher at $17.20. March up 75 cents at $17.53. April through June contracts all up 75 cents.
In spot trade, Dry whey up $0.0125 at $0.4675. Blocks up $0.0975 at $1.6750. Fifteen sales were made ranging from $1.5775 to $1.6875. Barrels up $0.1525 at $1.6250. One trade was made at $1.66. Butter up $0.0450 at $1.52. Two trades were made at $1.52 and $1.5825. Nonfat dry milk down $0.0025 at $1.1475. Two trades were made at that price.
(T3, D1)
