On the Chicago Mercantile Exchange, milk futures and cash dairy markets were down on Tuesday, with the exception of cheese barrels.
November Class III milk was $17.19, a $0.10 decrease. December’s price was $17.05. January saw a $0.11 decrease to $17.32. February’s price went down $0.11 to $17.71. Contracts from March to September varied from twelve cents lower in March to three cents higher in May.
Dry whey fell $0.0075 to $0.3650. Twelve transactions were registered, with prices ranging from $0.3650 to $0.3725.
Cheese blocks weighing forty pounds were down $0.03 at $1.6850. Three transactions were registered, with prices ranging from $1.6825 to $1.6850.
Cheese barrels were $0.0050 higher at $1.6550. Four transactions were registered, with prices ranging from $1.65 to $1.6550.
Butter went down $0.02 to $3.28 per pound. There were no sales registered.
Nonfat dried milk fell $0.01 to $1.1875. One transaction was reported at $1.1975.
