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Dairy Markets Show Strength in Chicago Wednesday

On the Chicago Mercantile Exchange milk futures were mostly up and cash dairy prices were mixed Wednesday. Class III milk was up 3 in June to $24.34, July up 1 to $24.25 and August up 1 to $24.40/cwt. The balance of the year was weaker unchanged to 27 lower.  Class IV milk was unchanged nearby. June at $25.79, July at $25.80 and August up 11 cents to $25.28/cwt. The balance of 2022 was unchanged to 18 cents higher.

Dairy markets were also fairly quiet.  Cheese Blocks were up $0.04 at $2.2250.  No sales were recorded. Cheese Barrels were up $0.0350 to $2.21.  Two trades were made at that price. Butter was down $0.01 to $2.97.  Six trades were made from $2.95 to $2.9725. Nonfat dry milk was down $.0025 to $1.8175.  No sales were recorded. Dry whey was down $0.0050 at $0.51.  Four sales were recorded from $0.51 to $0.5175.

 

(T1, D1)
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