Despite a softer cheese market during Monday’s CME spot dairy auction, futures ended higher on the day, on the Chicago Mercantile Exchange Monday. Milk futures were mostly up in the near term, and cash dairy prices were mostly down. Class III milk futures jumped 35 cents in August, 22 in September, and 12 in October. November gained 4 cents while December was down 15. 2021 suffered minor losses as well. Class IV saw just August trade, losing 4 cents to $13.72.
Dry whey was up $.0025 at $.3425 cents per pound. One sale was recorded at that price. Forty-pound blocks were down $.06 at $2.48 per pound. There were five sales at that price. Barrels were unchanged at $2.45 per pound. Two sales were recorded at that price. Grade AA Butter was down $.0025 at $1.7275 per pound. One sale was recorded at that price. Nonfat dry milk was unchanged at $.99 per pound. No sales were recorded.
Grain markets watched the wheat complex fall 11 cents in Chicago, 10 in Kansas City and 6 in Minneapolis. Corn declined a half cent while beans added a half cent. Fat cattle dropped $1 per cwt while feeders weakened $3 per cwt.
