On the Chicago Mercantile Exchange milk futures carried over last week’s optimism while cash trade was stagnant. Class III milk prices were in the green to kick off the week on Monday. April added 3 cents while May was up 8 cents and June through August rallied 16-19 cents/cwt. Beyond that the Class III market was relatively unchanged. Class IV dipped 25 cents in July 2022 and all other months closed unchanged.
The CME spot product markets saw Nonfat dry milk up $0.0025 at $1.8250. One sale was made at that price. Dry whey unchanged at $0.6350. Blocks unchanged at $2.32. Barrels unchanged at $2.3675. Butter unchanged at $2.7825.
(T1, D1)
