On the Chicago Mercantile Exchange milk futures took on a positive tone Monday that moved through commodities as did cash trade. Class III milk markets jumped 50+ cents/cwt in the June through September 2022 markets on Monday. Q4 2022 was also up 17-35 cents while first half 2023 ranged from even to 19 cents stronger. Class IV saw some strength as well, gaining around 20 cents from June through August 2022. Beyond August, results were a bit more sporadic as months ended even to 28 higher.
With the exception of whey on the CME spot dairy auction, dairy markets had a strong start to this week. Dry whey down $0.0475 at $0.4850. Seven sales were made from $0.4850 to $0.5150. Blocks up $0.0575 at $2.3650. Two trades were made at $2.3075 and $2.3650. Barrels up $0.0225 at $2.4175. Seven trades were made from $2.20 to $2.42. Butter up $0.0350 at $2.74. Seven sales were made from $2.7250 to $2.74. Milk Nonfat dry milk up $0.0050 at $1.7350.
