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Milk Futures Down in Chicago Tuesday


On the Chicago Mercantile Exchange on Tuesday, prices for milk futures and cash dairy products were mixed for the next few months. January Class III milk was $19.53, down $0.17 from December. February was $0.05 less, coming in at $19.10. At $18.67, March was down $0.04. At $18.85, April was up $0.02. From May to December, contracts were either the same or went up by 15 cents in October.

At $0.3525, dry whey was down $0.0375. There were eight sales between $0.3525 and $0.3750. The cheese market lost some of the gains it made on Monday, with blocks dropping $0.0150 to $2.1825. There were four sales between $2.15 and $2.1825. Cheese barrels were down $0.0250 at $1.80. There were 11 sales between $1.80 and $1.8275. At $2.43, butter went up by $0.01. $2.44 was the price of one sale. At $1.2775, the price of nonfat dry milk didn’t change. There were no sales.


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