On the Chicago Mercantile Exchange milk futures stayed lowered Wednesday while cash markets took mixed directions. Class III Milk had September down 16 cents to $19.63, October slid 21 to $19.89, and November fell 29 cents to $20.71/cwt. 2023 was unchanged to 20 cents lower with Jan – March averaging at $20.55/cwt. Class IV milk also slid lower nearby. September fell 13 cents to $24.02, October fell 35 to $23.25, and November fell 46 cents to $22.78. First quarter 2023 Class IV is averaging at $21.56/cwt.
The CME spot trade again had Barrels unchanged at $1.85. Butter up $0.0050 at $3.0550. Eight trades were made from $3.0275 to $3.0550. Nonfat dry milk down $0.0150 at $1.55. Dry whey down $0.0050 at $0.4750. Blocks down $0.0250 at $1.7250.
