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Milk Futures Higher, Cash Dairy Mixed

Front-month milk futures on the Chicago Mercantile Exchange held above $18 mark with another day of strong cheese prices Tuesday.

September Class III milk up 13 cents at $18.20.  October up 23 cents at $18.16.  November 20 cents higher at $17.67.  December up 16 cents at $17.13.  January through April contracts two to five cents higher.

Dry whey unchanged at $0.38. 

Blocks up $0.0525 at $2.0525 One trade was made at that price.

Barrels up $0.02 at $1.82.  Two trades were made at $1.8125 and $1.82.

Butter up $0.0250 at $2.20.  Fifteen trades were made ranging from $2.18 to $2.20. 

Nonfat dry milk down $0.0025 at $1.0375.  One trade was made at that price.

--Brownfield AgNews