On the Chicago Mercantile Exchange milk futures were mixed Thursday despite a positive supply and demand report. Class III milk futures retreated after initial strength once again. December dropped 18 cents to $18.58/cwt. January lost 1 to $19.77/cwt. February fell 8 cents to $19.76/cwt. Class IV 2022 milk futures were mixed.
In the CME spot dairy trade, dry whey up $0.0150 at $0.7125. Blocks up $0.0075 at $1.85. Barrels down $0.01 at $2.0475. Four trades were made at $2.0450 and $2.0475. Butter up $0.02 at $2.0025. Ten trades were made from $1.9850 to $2.0125. Nonfat dry milk up $0.0250 at $1.5950. Nine sales were made from $1.5675 to $1.5950.
(T1, D1)
