On Wednesday, cash dairy prices and milk futures prices were all over the place on the Chicago Mercantile Exchange. Class IV milk was mostly unchanged farther out, but November gained 9 cents to $23.35/cwt. December jumped 20 cents to $22.30 and Jan – April were unchanged Jan at $21.40, feb at $21.05/cwt.
The CME spot trade was mixed. At $0.44, dry whey hasn’t changed. There were no sales. At $2.2325, cheese blocks went up by $0.0075. There were no sales. Cheese Barrels were down $0.02 at $2.0325. There were no sales. At $2.9525, butter went up by $0.0125. There were no sales. The price of dry nonfat milk went down $0.0250 to $1.44. At $1.4375 and $1.44, two sales were made.
