On the Chicago Mercantile Exchange milk futures were mostly higher Monday while cash markets were mixed. Class III milk futures watched November futures trade 28 higher to $23.48/cwt. December futures rose 44 cents to $19.14/cwt. January outperformed both 2020 months posting a 60-cent gain for the day while February was closely behind at 42 cents in the green. The rest of 2021 traded anywhere from 5-18 cents stronger. Class IV milk even joined the fun and had a positive day.
The CME spot dairy auction produced similar results to late last week. Dry whey was unchanged at $0.4225. No sales were recorded. Blocks went down $.0500 settling at $2.3025. Two sales were made at $2.3025 and $2.3425 Barrels fell $.1075 to $2.21. Nine sales were made at that price. Butter closed up $0.0325 at $1.4625. Three trades were made ranging from $1.46 to $1.4655. Nonfat dry milk up $0.0175 at $1.0975. Eighteen trades were made ranging from $1.09 to $1.0975. Four sales were made ranging from $1.0625 to $1.0675.
