Class III milk futures continued its tear higher on the Chicago Mercantile Exchange. June Class III milk futures were up 23 cents to $19.83. July 42 higher at $18.68. August through October contracts up 16 to 26 cents. Class IV milk futures also saw an impressive move higher today. June milk skyrocketed 59 cents to $14.20/cwt. July milk climbed 22 cents to $15.30. August milk added 52 cents to $15.84/cwt. Second half 2020 improved 11-52 cents to $15.90/cwt.
In the CME Cash Dairy Product Trade dry whey up $0.0175 at $0.3275. Five trades were made, ranging from $0.3250 to $0.33. Blocks unchanged at $2.5050. Barrels up $0.0975 at $2.31. Three trades, ranging $2.26 to $2.31. Butter up $0.0050 at $1.7250. Nonfat dry milk $0.0025 higher at $1.0175.
