On the Chicago Mercantile Exchange milk futures turned higher at midweek as traders bought back over-sold positions. Class III milk had April up 17 cents to $23.46, May up 40 to $23.90, and June up 21 cents to $23.73/cwt. The balance of 2022 was mixed from 5 lower to 24 higher. Class IV milk was unchanged nearby with Apri at $25.12, May at $24.94, and June at $25.11. The balance of the year was mixed being 19 lower to 25 cents higher.
The CME spot dairy product trade was mixed. Dry whey down $0.0125 at $0.6775. Four sales were made at $0.6775 and $0.68. Blocks up $0.01 at $2.18. Two trades were made at $2.15 and $2.18. Barrels down $0.03 at $2.16. Three trades were made at $2.15 and $2.16. Butter down $0.0050 at $2.7125. Four trades were made from $2.6975 to $2.7125. Nonfat dry milk up $0.0050 at $1.8350. five trades were made from $1.8275 to $1.84.
