On the Chicago Mercantile Exchange near-term milk futures showed slight pressure Tuesday while longer-term contracts traded higher along with most cash markets. Class III had April down 2 cents to $17.64/cwt, May fell 8 to $19.20, but July forward saw green with a gain of 10 cents in June to $19.52 and the second half of 2021 averaging at $19.15/cwt. Class IV saw big moves higher. April held unchanged at $15.52, May up 4 to $16.15, but June gained 22 cents to $17.09/cwt.
The CME spot trade had dry whey up $0.0150 at $0.66. Blocks unchanged at $1.80. Eight sales were made from $1.7825 to $1.80. Barrels up $0.0025 at $1.7975. Four sales were made at $1.7859 and $1.80. Butter up $0.0275 at $1.7975. Eleven trades were made from $1.7975 to $1.83. Nonfat dry milk up $0.02 at $1.31. Two sales were made at $1.31 and $1.32.
