On the Chicago Mercantile Exchange milk futures were up and cash dairy prices were mostly higher Monday. Class III milk markets watched October jump $0.74/cwt to $21.68. Both November and December were up around $0.50/cwt. Calendar year 2023 ranged from $0.12-$0.34/cwt stronger. Class IV also produced gains with months in 2022 up around $0.40/cwt. January – July 2023 months also finished in the green today.
Spot trade turned in a strong performance on Monday. Cheese blocks were up $0.0350 closing at $1.9525. Two sales were recorded at $1.9450 and $1.95. Cheese Barrels were up $$0.0525 at $1.9850. Three sales were recorded from $1.9525 to $1.9850. Dry whey was unchanged at $0.4575. One sale was recorded at that price.
(T2, D1)
