At the Chicago Mercantile Exchange Class III milk futures were lower. July fell 4 cents to 16.48, Aug fell 13 to 16.22, and September fell 24 to 16.26/cwt. The balance of 2022 was down 5-17 cents. Class IV bounced back. July gained 3 to 15.99, August up 9 to 15.44 and September gained 2 cents to 15.45/cwt. December was our biggest mover gaining 14 cents to 16.04/cwt.
The CME spot trade was mixed. Butter held unchanged at $1.62 ¼. Cheddar Blocks also held unchanged at $1.63 1/2/lb with Barrels sliding ¾ of a cent to $1.39 ¼ but moved 9 loads.
(T1, D1)
