Milk futures higher, cash dairy mostly lower
Milk futures on the Chicago Mercantile shot higher Tuesday supported by strong barrel prices.
June Class III milk up 42 cents at $20.56. July up 66 cents at $19.60. August 45 cents higher at $17.92. September up 39 cents at $17.49. October through December contracts 19 to 29 cents higher.
Dry whey down $0.0075 at $0.3275. Three trades were at that price.
Blocks down $0.0450 at $2.54. One sale was made at $2.5850.
Barrels up $0.0650 at $2.4250. One sale was made at $2.41.
Butter down $0.0025 at $1.9225. One sale was made at that price.
Nonfat dry milk down $0.0075 at $0.9525. Ten trades were made ranging from $0.9525 to $0.9575.