On the Chicago Mercantile Exchange milk futures were sharply down and cash dairy was mostly flat . Despite a supportive GDT and relatively unchanged product auction, Class III futures struggled. September milk declined 29 cents to $17.31/cwt while October was off 37 cents at $17.20. November and December were also down 23 and 24 cents/cwt, respectively. 2022 months lost a little value also Tuesday, but mainly single digits. Class IV markets were virtually unchanged with just October in 2021 trading and down 7 cents. 2022 months saw double digit volumes except for January.
Very little change took effect in Tuesday’s CME spot dairy auction. Blocks up $0.01 at $1.78. Two trades were made at $1.77 and $1.78. Two trades were made at $1.77 and $1.78. Barrels went up $.01 to $1.49. Six trades were made from $1.4850 to $1.50. Butter was unchanged at $1.69. No sales were recorded. Nonfat dry milk was unchanged at $1.26. No sales were recorded. Dry whey was unchanged at $0.52. No sales were recorded.
