On the Chicago Mercantile Exchange milk futures recovered some from losses early in the week, and cash dairy prices were mostly steady Wednesday. Milk futures jumped double digits between February and September 2020 ranging from 16-24 higher. Fourth quarter was up as well. The February to June average stands today at $17.74 per cwt and the second half ended at $17.88 per cwt. Class IV milk failed to fare as well. Class IV milk futures lost 7-21 cents February to June and ended with a $17.26 settlement.
Dry whey was up $.01 at $.3850 cents per pound. One sale was recorded at that price. Forty-pound blocks were unchanged at $1.92 per pound. There were no sales recorded. Barrels were unchanged at $1.59 per pound. There were no sales recorded. Grade AA Butter was up $.0325 at $1.8075 per pound. Nine sales were recorded from $1.7825 to $1.8150. Nonfat dry milk was down $.0075 at $1.2675 per pound. Seven sales were recorded from $1.2675 to $1.2750.
