Milk futures lower and cash dairy prices were steady to lower Tuesday on the Chicago Mercantile Exchange.
May Class III milk was down $0.25 at $18.13. June was down $0.32 at $18.22. July was down $0.21 at $18.54. August was down $0.09 at $18.75.
September through November contracts ranged from three cents lower in November to ten cents lower in September.
Dry whey was down $0.01 at $0.38. One sale was recorded at that price.
Forty-pound cheese blocks were unchanged at $1.76. No sales were recorded.
Cheese barrels were unchanged at $1.77. No sales were recorded.
Butter was down $0.03 at $2.97. Seven sales were made, ranging from $2.9650 to $3.00.
Nonfat dry milk was down $0.0025 at $1.1175. Six sales were recorded, ranging from $1.1150 to $1.1250.
