On the Chicago Mercantile Exchange, milk futures were higher, while cash dairy prices were mixed. Today, the Class III Dairy Complex exploded, with March Class III milk up $0.17 to $17.95. April was $0.75 higher at $18.53. May was $0.66 higher at $18.60. June was $0.54 higher at $18.87. Contracts from July to January ranged from unchanged in December to forty cents higher in July.
Dry whey was down $0.0025 on the spot market, trading at $0.4375. At that price, one sale was recorded. Cheese blocks increased $0.1150 to $1.9250. Two sales were made for $1.85 and $1.90. Cheese barrels increased $0.0450 to $1.84. Seven sales ranged from $1.7950 to $1.84. The price of butter remained unchanged at $2.38. There were no sales recorded. The price of nonfat dry milk remained unchanged at $1.1750. Five sales ranged from $1.1750 to $1.1825.
