On the Chicago Mercantile Exchange milk futures closed lower Wednesday coming off of earlier week gains while grains rallied. Class III milk struggled to follow cheese. November fell 2 cents to 18.10, December fell 8 cents to 18.03, and January fell 10 to 18.35. The balance of 2022 was unchanged to 11 cents lower. Class IV milk was mixed. November gained 3 cents to 18.68, December was unchanged at 18.20, and January fell 7 cents to 19.06/cwt.
On spot trade, dry whey was unchanged at $0.66. Blocks up $0.0850 at $1.80. Barrels up $0.0050 at $1.5450. Three trades were made from $1.5450 to $1.5525. Butter up $0.01 at $1.9750. Two trades were made at $1.97 and $1.9750. Nonfat dry milk down $0.01 at $1.56.
(T4, D1)
