On the Chicago Mercantile Exchange, milk futures in nearby months remain on a downward trend while spring contracts continue to post higher. Class IV milk had December finish at 19.78/cwt, January gained 30 to 20.55, and February jumped 22 cents to 20.67/cwt. Class III milk saw nearby getting some selling pressure, but the bulk of 2022 gained. December fell 4 cents to 18.57, January fell 18 to 19.80, and February gained 1 cent to 19.94/cwt.
The CME spot trade on Wednesday saw blocks up $0.0025 at $1.9425. Three sales were made at $1.9475. Barrels down $0.0150 at $1.6550. Eleven trades were made at $1.65 to $1.67. Butter up $0.04 at $2.10. Nineteen trades were made from $2.7 to $2.1050. Nonfat dry milk up $0.02 at $1.6625. One sale was made at that price. Dry whey unchanged at $0.7125.
