On Monday, most cash dairy prices and milk futures prices went down on the Chicago Mercantile Exchange. From January to September 2023, the price of Class III milk went down by 13 to 26 cents. Monday was the worst day for the third quarter, and the average price is still above $20/cwt. First half of 2023 can’t say that because January and February are dangerously close to printing a $18 handle in front of it. In the first half of 2023, Class IV markets were calm, but in Q3 2023, prices fell by 14–23 cents/cwt.
Monday, dairy markets went down because product markets were going down. At $0.4450, dry whey went up $0.01. At that price, one sale was made. Blocks of cheese fell $0.0350 to $2.06. At that price, one sale was made. Cheese barrels were down $0.08 at $1.87. At that price, one sale was made. The price of butter seems to be going up and down again. This time, it went down by $0.1125 and ended at $2.70. There were four sales between $2.70 and $2.81. At $1.3575, the price of nonfat dry milk went down $0.0075. There were four sales between $1.3525 and $1.3575.
