On the Chicago Mercantile Exchange Tuesday milk futures were sharply lower and cash dairy markets were mixed. January Class III milk was down $.01 at $16.22. February was down $.75 closing at $18.48. March was down $.43 at $18.61. April was down $.33 at $18.22. May through December contracts ranged from three to twenty-nine cents lower.
On the spot markets dry whey was up $.0050 at $.5350. No sales were recorded Tuesday. Blocks were down $.03 closing at $1.80. Four sales were recorded at that price. Barrels went down $.0125 to $1.56. One sale was made at that price. Butter closed up $.1150 at $1.4050. One trade was made at that price.. Nonfat dry milk was up $.0150 at $1.2150. Fifteen sales were recorded from $1.2075 to $1.2150.
(T2, D1)
