Cash dairy prices were higher on the Chicago Mercantile Exchange on Tuesday, supported by solid demand and improving global prices.
CME cash dairy prices higher

Cash dairy prices were higher on the Chicago Mercantile Exchange on Tuesday, supported by solid demand and improving global prices.

Dry whey up $0.0050 at $0.5250.

Blocks up $0.01 at $1.7850. Eighteen sales were made from $1.7775 to $2.7975.

Barrels up $0.0025 at $1.7925. Seven sales were made from $1.7750 to $2.7975.

Butter up $0.0025 at $2.34. Twelve trades were made at $2.34 and $2.35.

The Global Dairy Trade index in New Zealand on Tuesday posted its largest gain since at least last November, up 4.6 percent. Lactose saw a significant increase, up nearly 17 percent, followed by cheddar and whole milk powder. Mozzarella posted the only category loss, down 0.3 percent.

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