On the Chicago Mercantile milk futures closed mostly higher Tuesday after USDA raised the all milk price forecast for the year. Class 3 markets were mixed trading anywhere from a loss of 3 cents to a gain of 13. April rose 9 cents to 15.95. may was up 13 cents to 15.85 and June rose 12 cents to 15.93. The remainder of the 1st half average is now at 15.91. The second half is now offering an average of 16.40. Class 4 milk was unchanged in April at 15.92 and lost 3 to 14 cents from May to August.
Dry whey unchanged at $0.3525. Four trades were made on a range of $0.35 to $0.3525. Blocks up $0.01 at $1.6550. Seven trades were made ranging from $1.6359 to $1.6550. Barrels up $0.0150 at $1.5925. Six trades were made ranging from $1.5775 to $1.5925. Butter down $0.0125 at $2.2575. One trade was made at that price. Nonfat dry milk remained unchanged at $0.9875. Nine trades were made ranging from $0.9875 to $0.9950.
