On the Chicago Mercantile Exchange milk futures and cash dairy prices were mostly down Wednesday. Class III milk futures tumbled lower on the day. August milk slid 50 cents to $20.67/cwt. September milk lost 42 cents to $20.32/cwt. Class IV milk futures increased in both 2022 and 2023.
It was a mixed bag in the CME dairy product trade. Dry whey closed down $0.01 at $0.4550. No sales were recorded. Cheese blocks were down $0.06 closing at $1.9375. Two sales were made at that price. Cheese Barrels were down $0.0325 at $1.9575. Two sales were made with prices at $1.95 and $1.9575. Butter went up $0.0350 closing at $2.9925. There were twenty sales ranging from $2.97 to $2.9925. Nonfat dry milk was down $0.0150 at $1.6650. Two sales were made at that price.
