On the Chicago Mercantile Exchange milk futures continued to fall lower Wednesday while grain markets continued to hold strength. Class III milk prices closed double digits lower in all months between May 2022 and September 2023 on Monday. The 2022 months still range from $22.84 to $24.44/cwt while 2023 has just one month north of $22. Most Class IV months were off double digits as well.
In spot trade Dry whey unchanged at $0.6350. Blocks down $0.0250 at $2.3350. One sale was made at that price. Barrels down $0.0525 at $2.3425. Butter up $0.0025 at $2.72. Four trades were made from $2.6875 to $2.7150. Nonfat dry milk down $0.0050 at $1.7925. Six trades were made from $1.79 to $1.8050.
(T1, D1)
