On the Chicago Mercantile Exchange milk futures closed lower Tuesday with mixed direction from the cash market. November Class III milk unchanged at $23.14. December three cents lower at $15.63. January down 13 cents at $16.30. February 10 cents lower at $16.40. March through May contracts a nickel lower to unchanged.
Dry whey down $0.0075 at $0.43. One trade was made at that price. Blocks up $0.02 at $1.68. One trade was made at that price. Barrels unchanged at $1.40. Ten trades were made ranging from $1.3850 to $1.4050. Butter down $0.0075 at $1.31. Three trades were made ranging from $1.3025 to $1.31. Nonfat dry milk up $0.0050 at $1.0875. Eleven trades were made ranging from $1.0850 to $1.09.
