Short-term milk futures and cash dairy prices were mostly down on the Chicago Mercantile Exchange on Tuesday. In the first half of 2023, prices for Class III were lower. November prices dropped 36 cents to $20.81/cwt in the second week of pricing. December milk prices dropped by 21 cents, to $19.31/cwt. Prices for Class IV milk were all over the place but mostly stayed the same.
At the CME spot dairy product auction on Tuesday, prices stayed about the same or went down. Blocks of cheese dropped $0.02 to $2.04. There were no sales.
Cheese Barrels were down $0.0550 at $2.0050. At that price, one sale was made. At $3.1525, butter was down $0.0375. At that price, one sale was made. Dry whey stayed the same price of $0.44. Even though there were three bids, no sales were made. The price of nonfat dry milk stayed at $1.42. Even though there were three bids, no sales were made.
