Milk futures on the Chicago Mercantile Exchange continued
mostly higher Tuesday seeing some support from global markets.
April Class III milk down 15 cents at $17.45. May up six cents at $18.63. June up 14 cents at $18.84. July six cents higher at $18.78. August through October contracts unchanged to
five cents higher.
Dry whey unchanged $0.66.
Blocks up $0.01 at $1.7850.
Two sales were made at $1.78 and $1.7850.
Barrels unchanged at $1.53.
Two sales were made at $1.53 and $1.5325.
Butter down $0.0050 at $1.8325. One trade was made at that price.
Nonfat dry milk up $0.0025 at $1.1825. Two trades were made at $1.1825 and $1.1850.
The Global Dairy Trade index in New Zealand saw an
incremental increase, up 0.3 percent, Tuesday.
Butter milk powder had a significant surge in demand, up 17.6 percent,
followed by cheddar and butter. Lactose
had the only decline, down 6.5 percent.