On the Chicago Mercantile Exchange Monday milk futures and most cash dairy markets were down. Class III milk prices weakened along with product markets. August declined 13 cents while September through December fell 15-21 cents/cwt. 2022 months ranged from 9 cents lower to 6 cents higher. The first half 2022 average stands at $17.27/cwt. Class IV turned in a solid session as prices rose 5 to 26 cents in 2021 and most first half 2022 months.
Barrels met stiff selling pressure to kick off our week on Monday. Barrels went down $.08 to $1.31. There were nine sales from $1.31 to $1.3625. Butter closed up $.0575 at $1.70. There were fourteen sales ranging from $1.6625 to $1.70. Nonfat dry milk was up $.0075 to $1.2750. One sale was made at the price. Dry whey was unchanged at $.5025. There were no trades recorded. Blocks were unchanged at $1.6350. No sales were recorded.
The grain complex printed green across the board. Corn jumped 14 cents in new crop to a price of $5.5925/bu. Wheat led the charge as Kansas City traded 30 cents stronger, Chicago pushed 25 cents higher, and Minneapolis was up 21. Soybeans settled higher in sympathy with the other grains gaining 4 cents while meal prices added $5/ton.
