Milk futures on the Chicago Mercantile Exchange closed
lower Tuesday while global markets and cash trades were higher.
September Class III milk down eight cents at $16.33.
October 56 cents lower at $18.67. November 29 cents lower at
$17.36. December down 20 cents at $16.52. January through March
contracts eight to 14 cents lower.
Dry whey unchanged at $0.3475.
Blocks unchanged at $2.2150.
Barrels unchanged at $1.60.
Butter up $0.0150 at $1.5050. Forty-seven trades were
made ranging from $1.4925 to $1.5125.
Nonfat dry milk up $0.02 at $1.06. Nine trades were
made ranging from $1.05 to $1.06.
The Global Dairy Trade auction index in New Zealand had its
first positive trading event since the beginning of July. The index increased
3.6 percent to $3,092 per ton. Losses in lactose, -2.7%, and butter,
-1.4%, were offset by gains in skim milk powder, +8.4%, cheddar, +7.2%, whole
milk powder, +3.2%, and anhydrous milk fat, +2.0%,
--Brownfield AgNews