On the Chicago Mercantile Exchange milk futures started the week mostly lower as cash markets were mixed. Class IV milk kept inching higher. Though October was unchanged at 17.05, November gained 3 at 18.10 and Dec was unchanged at 18.54, 2022 gained 1-15 cents and the first half averages at $18.27/cwt. Class III milk was mixed. Nearby saw some lower moves. Oct down 2 to 17.92, November fell 12 to 19.16, and December gained 4 to 18.80/cwt. 2022 was mixed with Ja – June averaging at $18.11/cwt.
On spot trade dry whey unchanged at $0.6025. Blocks down $0.03 at $1.75. Barrels down $0.0125 at $1.7775. Two trades were made at $1.75 and $1.7650. Butter up $0.0250 at $1.7750. Eight trades were made from $1.79 to $1.8175. Nonfat dry milk up $0.0075 at $1.54. Three trades were made from $1.53 to $1.54.
