Tridge summary
Milk futures on the Chicago Mercantile Exchange rose on Tuesday, with December Class III milk ending up five cents at $21.83. Other contracts also saw increases, while some decreased slightly. Dry whey, blocks, barrels, butter, and nonfat dry milk also saw price increases. The Global Dairy Trade index in New Zealand turned positive, increasing 2.4 percent, with skim and whole milk powder, anhydrous milk fat, and lactose leading products reporting gains, while cheddar saw a slight decrease.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Milk futures on the Chicago Mercantile Exchange ended higher Tuesday supported by positive cash trade and improving global markets. December Class III milk up five cents at $21.83. January nine cents higher at $20.81. February down three cents at $20.49. March a dime higher at $20.50. April through June contracts four cents lower to two cents higher. Dry whey unchanged at $0.44. One sale was made at that price. Blocks up $0.0175 at $2.2250. Barrels unchanged at $2.0525. Three trades were made from $2.05 to $2.0550. Butter up $0.01 at $2.94. Nonfat dry milk up $0.0350 at $1.4650. Nine trades were made from $1.4375 to $1.4675. The Global Dairy Trade index in New Zealand turned positive this week, up 2.4 ...
Source: Brownfield Ag
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