On the Chicago Mercantile Exchange milk futures continued their negative tone at midweek while cash markets were mixed. Nearby class III futures pushed lower. November milk lost 9 cents to $17.88/cwt. December, which is in its third day of 5 weeks of pricing, fell a nickel to $17.16. January gave up the most, dropping 26 cents to $17.72/cwt. February to June remained unchanged to 11 cents lower with the second half of 2022 moving higher. Class IV milk futures moved lower on the day.
Spot dry whey up $0.0150 at $0.70. Blocks up $0.01 at $1.67. Two sales were made at $1.6550 and $1.67. Barrels down $0.0150 at $1.4450. Eight trades were made from $1.4450 to $1.46. Butter up $0.01 at $1.96. Six trades were made from $1.9350 to $1.96. Nonfat dry milk down $0.0150 at $1.53. Two trades were made at $1.53 and $1.5325.
