On the Chicago Mercantile Exchange milk futures continued to seesaw Tuesday with little direction from global markets or cash trade. Class III milk prices ranged anywhere from even to 10 cents higher at the close following lower trade all day. Class IV values traded anywhere from 5 cents lower to 5 cents higher.
The CME spot product market traded in a mixed tone on Tuesday. Dry whey down $0.0150 at $0.6450. Blocks unchanged at $1.80. Two trades were made at that price. Barrels up $0.0075 at $1.82. One sale was made at $1.8125. Butter down $0.0075 at $1.7450. Nonfat dry milk up $0.02 at $1.34. Six sales were made at $1.34 and $1.3350.