On the Chicago Mercantile Exchange milk futures pushed past the $23 mark as improving prices globally and gains in butter continue to carry markets. Class III milk prices increased across the board. March milk tacked on 21 cents to $22.26/cwt. April milk surged 36 cents to $23.11/cwt. May settled 57 cents higher to $23.01/cwt. Class IV also was higher. April milk added 30 cents to $25.10/cwt. May rallied 43 cents to $24.95/cwt.
In the CME Spot Dairy Auction, Blocks up $0.04 at $2.03. One sale was made at that price. Barrels unchanged at $1.9350. Seven trades were made from $1.9350 to $1.9450. Butter up $0.0625 at $2.6925. Seven trades were made from $2.6925 to $2.70. Nonfat dry milk up $0.01 at $1.86. Two trades were made at $1.8575 and $1.86. Dry whey down $0.0075 at $0.7525. Two sales were made at $0.7525 and $0.7575.
