On the Chicago Mercantile Exchange milk futures posted lower Thursday as did most cash markets. Class III milk futures were mixed. January milk declined 21 cents to $19.59/cwt. February added 1 penny to $19.95/cwt. Q4 2022 milk futures saw the biggest positive change, gaining 6-18 cents/cwt. Class IV was lower in the near term and saw mixed results further out across the curve.
In the Spot Dairy Trade, blocks down $0.0225 at $1.9250. One sale was made at that price. Barrels down $0.01 at $1.6450. Nine trades were made from $1.6375 to $1.6625. Butter down $0.01 at $2.09. Six trades were made from $2.07 to $2.10. Nonfat dry milk up $0.0025 at $1.6650. One sale was made at that price. Dry whey unchanged at $0.7125.
(T4, D1)
