Class III milk continues to march higher on the Chicago Mercantile Exchange Tuesday. Class III milk was unchanged in July at $24.32, but August gained 15 to $23.30, and September gained 63 to $21.36 per cwt. Class IV was unchanged in July at $13.80, August gained 5 to $13.95, and September gained 6 cents to 14.45/cwt.
The CME spot trade was similarly mixed. Dry whey was up $.01 at $.3450 cents per pound. No sales were recorded. Forty-pound blocks were down $.0025 at $2.66 per pound. There were five sales recorded from $2.66 to $2.67. Barrels were up $.0150 at $2.4650 per pound. Six sales were recorded from $2.45 to $2.4650. Grade AA Butter was down $.0175 at $1.6625 per pound. No sales were recorded. Nonfat dry milk was up $.0025 at $.9925 per pound. Two sales were recorded at $.99.
