On the Chicago Mercantile Exchange milk futures and cash dairy prices were mostly higher Wednesday. Class IV milk finished up it’s strong move Tuesday with small moves nearby and big gains in 2023. September held unchanged at $24.12, October gained 4 cents to $24.14 and November was 8 higher at $23.45. Jan – March 2023 gained 16-46 cents to average at $22 even. Class III milk saw nice gains with September up 17 to $19.84, October jumping 25 to $20.34, and November up 15 to $20.85/cwt.
Cheese finally found a bid and took off in the CME spot trade. Cheese blocks were up $0.09 closing at $1.85. No sales were recorded. Cheese Barrels were up $0.06 at $1.9350. One sale was recorded at $1.90. Butter was up $0.0275 closing at $3.1475. Nine sales were recorded from $3.1050 to $3.1475. Nonfat dry milk was down $0.0075 at $1.53. Four sales were recorded from $1.5250 to $1.53. Dry whey was unchanged at $0.4450. No sales were recorded.
