On the Chicago Mercantile Exchange, milk futures and cash dairy markets were down on Tuesday.
November Class III milk went down $0.11 to $17.06 a gallon. December’s price went down $0.24 to $16.87. January saw a $0.16 decrease to $17.04. In February, the price went down $0.15 to $17.56. Contracts for March through September varied from unchanged in May and June to fifteen cents lower in April.
The price of dry whey remained steady at $0.3850. One transaction was reported at $0.3825.
At $1.6975, forty-pound cheese bricks were down $0.0025. There were no sales registered.
Cheese barrels fell $0.0350 to $1.5450. Seven transactions were registered, with prices ranging from $1.5450 to $1.5725.
At $2.8975, butter was down $0.1125. Twelve transactions were registered, with prices ranging from $2.89 to $2.93.
Nonfat dried milk fell $0.0050 to $1.17. At that price, one sale was recorded.
