On the Chicago Mercantile Exchange Class III 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 down $0.01 at $0.3750. Blocks unchanged at $1.92. Barrels down $0.09 at $1.50. Butter up $0.0525 at $1.86. Seven trades were made, ranging from $1.8175 to $1.86. Nonfat dry milk down $0.0050 at $1.2625. Seven trades made, with a range of $1.26 to $1.2650.
