On the Chicago Mercantile Exchange milk futures were higher Thursday as lower corn markets provided some feed cost relief. Class III milk futures were mostly higher on the day. Q4 milk futures settled at $20.98/cwt. First half 2023 milk futures ended the day at $20.82/cwt. Class IV milk futures were 12-35 cents higher.
Dairy products were mixed in the CME spot dairy product auction on Thursday. Dry whey up $0.0050 at $0.45. Three sales were made at that price. Blocks unchanged at $1.85. Barrels down $0.0025 at $1.9325. Butter unchanged at $3.1475. Nonfat dry milk up $0.0350 at $1.5650. Ten sales were made from $1.5425 to $1.5650.
(T4, D2)
