Milk futures, cash dairy trade higher
Milk futures on the Chicago Mercantile Exchange found strength Tuesday from improving cash trade and declining grain prices.
August Class III milk up a penny at $15.98. September up nine cents at $16.75. October 24 cents higher at $16.90. November up 18 cents at $17.24. December through February contracts 12 to 20 cents higher.
Dry whey unchanged at $0.4975.
Blocks unchanged at $1.71.
Barrels up $0.0150 at $1.38.
Butter up $0.05 at $1.7650. Fourteen trades were made from $1.73 to $1.7650.
Nonfat dry milk up $0.0175 at $1.32. Two trades were made at that price.