On the Chicago Mercantile Exchange milk futures traded mostly higher Wednesday as futures wake back up from their holiday break and find optimism in cash markets. Class III milk was quiet. June gained 4 cents to $17.32, July gained 2 to 17.89, and Aug gained 3 cents to 18.34/cwt. The balance of 2021 was unchanged to 5 lower. Class IV was also quiet with June falling 5 cents to 16.65, Aug down 15 to 16.88, and August unchanged at 17.25/cwt.
June Dairy Month brings us a CME spot trade of mostly green. Barrels up $0.0150 at $1.59. Six trades were made from $1.5750 to $1.5825. Butter up $0.0150 at $1.8050. Two trades were made at $1.8050 and $1.8150. Nonfat dry milk unchanged at $1.2950. Four trades were made at $1.29 and $1.2950. Dry whey up $0.0025 at $0.6025. Blocks down $0.0050 at $1.5050. Nine trades were made at $1.5050 and $1.51.
