On the Chicago Mercantile Exchange milk futures and cash dairy prices were mixed Wednesday. Class III milk was 12 cents lower in light trading for June at $24.45, July gained a penny at $24.70 and August gained 2 to $24.43. The excitement was in 2023 with most months trading 10-32 cents higher. Class IV milk also showed small gains. June up 3 to $25.58, July up 8 at $25.91 amd August up 3 to $25.85/cwt. 2023 Class IV also jumped 10-45 cents higher.
The CME spot trade was fairly stable. Dry whey was up $.0275 at $.55. No sales were recorded. Cheese Blocks closed Wednesday’s trade unchanged at $2.2475. No sales were recorded. Cheese Barrels were up $.0075 at $2.3025. No sales were recorded. Butter was up $0.01 at $2.89. Five sales were made from $2.8575 to $2.89. Nonfat dry milk was up $.0025 to $1.8675. Six sales were recorded from $1.8675 to $1.8750
