On the Chicago Mercantile Exchange milk futures were mostly higher while cash trade was mostly lower Tuesday.
Class III milk futures were mixed today. August milk lost 4 cents to $19.39/cwt. September gained 7 cents to $16.31. October added 15 cents to $16.69/cwt. November milk climbed 9 cents to $16.60/cwt. December milk increased 5 cents to $16.27/cwt. 1st half 2021 settled 5-21 cents higher at an average of $16.38/cwt. Class IV milk futures increased slightly. August milk remains at $13.16/cwt. September ascended 12 cents to $13.20/cwt. October surged 17 cents higher to $13.68/cwt. First half 2021 average is $14.98/cwt.
Butter was the lone product to post a gain in the CME Cash Dairy Product Trade. Butter up $0.0450 at $1.5225. Two trades were made at $1.5225 and $1.5250. Dry whey down $0.0050 at $0.31. Two trades were made at that price. Blocks down $0.05 at $1.58. Three trades were made ranging from $1.58 to $1.6075. Barrels down $0.03 at $1.4450. Three trades were made ranging from $1.4450 to $1.48. Nonfat dry milk down $0.0025 at $0.94. Six trades were made at $0.9375 and $0.94.
The grain complex saw modest gains today. December corn added ½ a penny to $3.2350/bushel. November soybeans inched a ¼ cent higher to $8.7350/bushel. September Chicago Wheat climbed 2.75 cents to $4.95/bushel. August Live Cattle rallied $1.05 to $104.65/cwt. August feeders gained 92 cents to $144.40/cwt. September Crude Oil declined 39 cents to $41.55/barrel.