On the Chicago Mercantile Exchange milk futures were down and cash dairy prices were mixed with little sale activity Monday. Class III markets declined 32-45 cents/cwt September through December 2022. 2023 markets were virtually flat to slightly lower in the first half of 2023. Class IV turned in a mixed bag of results as September 2022 gained 15 cents, October lost 20, and Nov/Dec were unchanged. 2023 was also all over the place amongst monthly settlements.
Cheese markets struggled on Monday as Cheese blocks were down $0.0250 closing at $1.7150. No sales were recorded. Cheese Barrels were down $0.0225 closing at $1.86. No sales were recorded. Butter was unchanged at $3.0825. No sales were recorded. Nonfat dry milk rose $0.01 closing at $1.57. Five sales were recorded from $1.56 to $1.57. Dry whey was up $0.0150 to $0.4850. No sales were recorded.
