On the Chicago Mercantile Exchange milk futures and cash dairy prices were up except for July milk Tuesday. Class III milk futures surged on the day. August milk launched a 50-cent gain, settling at $21.20/cwt. September milk moved 23 cents higher to $20.78/cwt. Class IV milk futures were also higher on the day.
Tuesday’s spot dairy product session was higher. Dry whey was up $0.0175 at $0.4650. One sale was made at that price. Cheese blocks were up $0.0425 closing at $1.9975. Five sales were made with prices from $1.9550 to $1.9975. Cheese Barrels were up $0.0525 at $1.99. Three sales were made with prices from $1.9550 to $1.99. Butter went up $0.0275 closing at $2.9575. There were twelve sales ranging from $2.9450 to $2.96. Nonfat dry milk was up $0.01 at $1.68. Three sales were made with prices from $1.67 to $1.68.
