Milk futures were steady to lower and the cash dairy markets were mixed Tuesday on the Chicago Mercantile Exchange. 

March Class III milk was down $0.03 at $16.44.  April was down $0.15 at $15.77.  May was down $0.02 at $16.32.  June was down $0.09 at $17.04.  

July through January contracts ranged from unchanged from October through January to seven cents lower in September.  Tuesday’s Class III trade volume was 1,093 contracts. 

Dry whey was up $0.0050 at $0.42.  No sales were recorded.  

The block-barrel spread is tightening up, but the unusual trend of barrels selling higher continues. 

Forty-pound cheese blocks were unchanged at $1.4350.  No sales were recorded. 

Cheese barrels were down $0.04 at $1.42.  Four sales were recorded, ranging from $1.42 to $1.4350. 

Butter was up $0.03 at $2.8325.  One sale was recorded at that price. 

Nonfat dry milk was up $0.0025 at $1.17.   One sale was recorded at that price. 

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