On the Chicago Mercantile Exchange milk futures and most cash dairy prices were higher Tuesday. Class III milk futures climbed higher on the day. August milk gained 14 cents to $20.09/cwt. September milk surged 54 cents to $19.94/cwt. October milk increased 37 cents to $20.42/cwt. Class IV milk futures were varied.
Tuesday’s CME spot dairy product auction was a mixed bag. Dry whey was up $0.01 at $0.4450. One sale was recorded at that price. Cheese blocks were up $0.0350 at $1.82. One sale was recorded at that price. Cheese Barrels were up $0.0850 at $1.88. Five sales were recorded from $1.8350 to $1.88. Butter went down $0.0150 closing at $2.96. Nine sales were recorded from $2.95 to $2.96. Nonfat dry milk was down $0.0225 at $1.46. Nine sales were recorded from $1.46 to $1.4725.
