On the Chicago Mercantile Exchange milk futures started the week with light, positive trade along with cash markets. Class III milk price movement was essentially a nonevent on Monday. April added 3 cents while May was up 12 and June 4 cents. Beyond June, prices in the 2nd half ranged from 5 lower to 2 cents higher. 2022 prices added a couple of cents. Class IV milk strung together a solid performance once again as prices jumped 13 to 25 cents/cwt between May and September.
CME spot dairy auction results were even to higher on good volumes on Monday. Blocks up $0.02 at $1.80. Seven sales were made from $1.7925 to $1.80. Barrels up $0.0525 at $1.7425. Five trades were made at $1.69 and $1.7350. Butter up $0.02 at $1.87. Eight sales were made from $1.8450 to $1.87. Nonfat dry milk up $0.02 at $1.2350. One trade was made at that price. Dry whey unchanged at $0.6750.
