On the Chicago Mercantile Exchange milk futures were up and cash dairy prices were mixed Wednesday. Class III milk had May 3 cents higher to $25.11, June up 5 to $24.20 and June jumped 12 cents to $24.45. 3rd Quarter 2022 has moved back to a $24.20 average. Class IV milk continues to follow a strong butter market higher. May was unchanged at 25.02, but June gained 11 cents to $25.47 and July up 26 cents to $25.75/cwt.
In spot trade, Dry whey was up $.0050 at $0.50. Three sales were recorded at that price. Cheese Blocks closed down at $0.04. at $2.30. One sale was recorded at that price. Cheese Barrels were down $.03, closing at $2.30. One sale was made at that price. Butter was up $.01 at $2.8950. Ten sales were made from $2.8850 to $2.90. Nonfat dry milk was up $.0225 to $1.8425. Eight sales were recorded from $1.82 to $1.8425.
