On the Chicago Mercantile Exchange, milk futures were supported by strong cash trade Monday. Class III milk futures rallied double digits in the September through November months. September paced the efforts gaining 40 cents/cwt while October added 25 cents and November traded 12 cents higher. 2022 months were single digits in the green as well. The Class IV market ranged anywhere from unchanged to 9 cents softer in 2021 and 2022.
On the spot trade dry whey down $0.01 at $0.52. Blocks up $0.0525 at $1.7450. Three trades were made from $1.7350 to $1.7450. Barrels up $0.0075 at $1.4850. One sale was made at that price. Butter up $0.0175 at $1.68. Three trades were made from $1.67 to $1.6850. Nonfat dry milk up $0.01 at $1.26. One sale was made at that price.
