On the Chicago Mercantile Exchange milk futures traded higher Tuesday while cash markets were under pressure. Class III milk markets ranged from 3 cents lower in May and 7 cents higher in both August and September. June up three cents at $16.19. July three cents higher at $16.31. August up six cents at $16.62. September through January contracts were four to seven cents higher.
Dry whey unchanged at $0.34. Blocks down $0.0075 at $1.66. Five trades were made ranging from $1.66 to $1.6625. Barrels down $0.0375 at $1.60. Ten trades were made ranging from $1.60 to $1.63. Butter down $0.01 at $2.35. Five trade was made ranging from $2.3325 to $2.35. Nonfat dry milk down $0.0025 at $1.0575. One trade was made at $1.06.
