On the Chicago Mercantile Exchange milk futures and cash dairy prices were mostly down Tuesday. Class III milk futures were lower on the day. July milk fell 18 cents to $24.25/cwt. August milk gave up 12 cents to $24.39/cwt. September milk decreased 8 cents to $24.32/cwt. Class IV milk futures were lower across the curve.
The CME spot dairy product auction was a mixed bag Tuesday. Cheese Blocks were down $0.0325 at $2.1850. Three sales were recorded at $2.1825 and $2.1850. Cheese Barrels dropped $0.0450 to $2.1750. Ten trades were made from $2.1750 to $2.1850. Butter was up $0.05 to $2.98. Fifteen trades were made from $2.9375 to $2.98. Nonfat dry milk was down $.0350 to $1.82. Three sales were made from $1.81 to $1.8250. Dry whey was unchanged at $0.5150. There were no sales recorded.
