On the Chicago Mercantile Exchange milk futures were higher Wednesday as traders took back oversold positions and cash trade was mixed. Class III milk mostly traded higher. October up a penny to $17.87, November up 10 cents to $18.84, and December gained 11 to $18.71/cwt. 2022 was a penny lower to 9 cents higher. Class IV milk was mostly unchanged. October at 17.05, November at 18.29, and December gained 9 cents to 18.70/cwt. 2022 markets were 7 cents lower to 10 cents higher in a mixed move.
The CME spot trade saw dry whey up $0.0025 at $0.6225. One trade was made at that price. Blocks down $0.0150 at $1.7575. Barrels up $0.0175 at $1.8475. Three trades were made at $1.94 and $1.9425. Butter up $0.01 at $1.94. Three trades were made at that price. Nonfat dry milk down $0.0175 at $1.5275. Three trades were made from $1.5275 to $1.5375.
