CME milk futures drop, cash dairy mixed Tuesday
Milk futures were sharply lower and cash dairy markets were mixed on the Chicago Mercantile Exchange Tuesday, January 19th.
January Class III milk was down $.01 at $16.22. February was down $.75 closing at $18.48. March was down $.43 at $18.61. April was down $.33 at $18.22. May through December contracts ranged from three to twenty-nine cents lower.
Dry whey was up $.0050 at $.5350. No sales were recorded Tuesday.
Blocks were down $.03 closing at $1.80. Four sales were recorded at that price.
Barrels went down $.0125 to $1.56. One sale was made at that price.
Butter closed up $.1150 at $1.4050. One trade was made at that price..
Nonfat dry milk was up $.0150 at $1.2150. Fifteen sales were recorded from $1.2075 to $1.2150.