On the Chicago Mercantile Exchange milk futures crossed into $25 territory Tuesday supported by a tight milk production report and increased cash trade. March Class III milk was up two cents at $22.42. April 57 cents higher at $24.31. May up 49 cents at $25.03. June 38 cents higher at $25.00. July through September five to 25 cents higher.
In spot trade, blocks up $0.0725 at $2.21. Five sales were made from $2.15 to $2.20. Barrels up $0.0850 at $2.1550. Eight trades were made from $2.08 to $2.1550. Butter up $0.02 at $2.7975. Two trades were made at $2.7975 and $2.80. Nonfat dry milk up $0.0025 at $1.8625. Three trades were made from $1.86 to $1.87. Dry whey unchanged at $0.7550.
(T1, D1)
