meta It was Turnaround Tuesday at the CME | The Bullvine
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It was Turnaround Tuesday at the CME

Wednesday, February 2nd, 2022

On the Chicago Mercantile Exchange, milk futures closed in a turnaround Tuesday fashion despite higher cash cheese prices and strong global markets. February Class III milk was down 22 cents at $20.13. March 46 cents lower at $21.35. April down 36 cents at $21.49. May 21 cents lower at $21.40. June through August 10 to 21 cents lower.

In spot trade dry whey up $0.0025 at $0.8525. Blocks up $0.0275 at $1.8575. Barrels up $0.0150 at $1.7950. One trade was made at that price. Butter down $0.0575 at $2.4825. Two sales were made at $2.4825 and $2.5025. Nonfat dry milk down $0.02 at $1.81. Three trades were made at $1.81 and $1.82. The Global Dairy Trade index in New Zealand on Tuesday posted strong gains again, up 4.1 percent. Butter milk powder led the way, up 9.7 percent, followed by whole milk powder, up 5.8 percent.

(T3, D1)

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