Milk futures on the Chicago Mercantile Exchange saw some major
sell-offs Tuesday as traders corrected oversold positions and reacted to the
run-up in grains following the monthly supply and demand report.
January Class III milk down 16 cents at $16.39. February down 75 cents at $18.68. March 73 cents lower at $18.32. April down 52 cents at $17.93. May through July contracts seven to 38 cents
lower.
Dry whey unchanged at $0.50.
One sale was made at that price.
Blocks down $0.0050 at $1.9575.
Barrels down $0.0025 at $1.65.
Butter unchanged at $1.31.
Nonfat dry milk unchanged at $1.1850. Two sales were made at $1.18 and $1.1850.
--Brownfield AgNews