Milk futures on the Chicago Mercantile Exchange fell on Tuesday due to a stronger currency and little trading activity after the holiday.
September Class III milk is down seven cents to $18.54 a gallon. October is down four cents to $18.88. November is two cents higher at $18.61. The December contract is 11 cents higher at $18.55. Contracts for January through March are flat to three cents lower.
Dry whey increased $0.0150 to $0.32. From $0.31 to $0.32, three sales were made.
Blocks remain constant at $1.95.
Barrels are $0.0025 lower at $1.8675.
Butter increased by $0.05 to $2.71. There were 19 sales ranging from $2.70 to $2.71.
Nonfat dry milk has dropped $0.0175 to $1.0575. At $1.0750, five deals were executed.
The Global Dairy Trade index in New Zealand rose 2.7 percent on Tuesday, the most since the beginning of May. Whole milk powder gained the most, increasing by 5.3 percent, followed by anhydrous milk fat, which increased by 2.7 percent. Sales of buttermilk powder were down 6.5 percent.
