On the Chicago Mercantile Exchange milk futures rose and cash dairy prices were steady to lower Monday. August 2022 milk added 5 cents to a settlement value of $20.46/cwt while September gained 19 cents to $20.50/cwt, respectively. Q4 2022 and Q1 2023 performed the best as prices ranged in Q4 from 32 to 36 stronger while Q1 was up 16 – 37 higher.
CME spot dairy market saw dry whey was unchanged at $0.4450. No sales were recorded. Cheese blocks were down $0.0325 closing at $1.8475. Two sales were recorded at $1.8275 and $1.83. Cheese Barrels were down $0.0075 at $1.88. Five sales were recorded ranging from $1.8675 to $1.8825. Butter went down $0.0025 closing at $2.9875. There were no sales recorded. Nonfat dry milk was unchanged at $1.64. No sales were recorded.
