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.