On the Chicago Mercantile Exchange milk futures started the week higher Monday following positive cash trade and USDA’s bullish outlook for 2022. Class III milk closed with a strong session as futures months were up 5 to 27 cents. All months between March and September ended with a $22 handle in front of it. Class IV was also in the green adding 10-30 cents.
In spot trade dry whey down $0.02 at $0.76. One sale was made at that price. Blocks up $0.0450 at $1.99. Two sales were made at $1.9650 and $1.99. Barrels up $0.0350 at $1.9350. Two trades were made at $1.9425 and $1.95. Butter up $0.0425 at $2.63. One trade was made at $2.5850. Nonfat dry milk down $0.01 at $1.85.
(T1, D1)
