On the Chicago Mercantile Exchange milk futures continued their sell-off Tuesday with limited market news and lower cash trade. Class III milk futures saw weakness across the board. June milk finished 34 cents lower to $23.44/cwt. July milk was down 20 cents to $23.21/cwt. Class IV milk futures were negative as well.
Dairy products were lower in the CME spot dairy auction on Tuesday. Dry whey down $0.0175 at $0.5675. Blocks down $0.0275 at $2.2675. Nine sales were made from $2.2550 to $2.2625. Barrels down $0.0175 at $2.34. Butter down $0.0050 at $2.61. Three trades were made from $2.5750 to $2.62. Nonfat dry milk unchanged at $1.7350. One trade was made at that price.
(T14, D1)
