Class III milk continued to drive higher gaining over $9 in a 30-day window as it follows the spot cheese trade, on the Chicago Mercantile Exchange. June Class III milk futures were up 63 cents to $19.60. July 34 higher at $18.26. August through October contracts up 14 to 20 cents. Class IV saw June gain 18 to $13.61, July gained 11 to $15.08, and August gained 14 cents to $15.32/cwt.
A record trade on Tuesday with Cheddar blocks trading two loads at $2.50 ½. Dry whey up $0.0075 at $0.31. Seven trades were made, with a range of $0.3050 to $0.31. Barrels up $0.1125 at $2.2125. Butter $0.0550 higher at $1.72. Twelve trades made, ranging $1.6975 to $1.72. Nonfat dry milk down $0.01 at $1.0150.
