On the Chicago Mercantile Exchange milk futures were continued lower Tuesday, pressured by slight declines in the Global Dairy Trade report, cash markets were mixed. Class III milk prices lost 1-8 cents between August through December 2019. 2020 months for Class III ranged from 5 cents lower to 2 cents higher. Class IV milk also dropped losing 2-10 cents in 2019.
Dry whey up $0.0175 at $0.3875. Blocks up $0.0025 at $1.91. Two trades were made at $1.9050. Barrels down $0.04 at $1.71. Six trades were made ranging from $1.71 to $1.7125. Butter down $0.02 at $2.31. Three trades were made at $2.31 and $2.3125. Nonfat dry milk down $0.0025 at $1.0275. Four trades were made at $1.0275 and $1.03.
