On the Chicago Mercantile Exchange Milk futures fell off their positive streak Wednesday while cash markets also closed lower. Class III struggled to fight a spot market all in red. February down 5 cents to $20.75, March down 66 cents to $22.31 and April down 50 cents to $22.71. The balance of 2022 down 10-58 cents. Class IV also gave back some gains. February was unchanged at $23.90, but March fell 23 to $24.75, and April fell 28 to $24.77.
CME spot trade has been on a yo-yo this week with previous gains giving back Wednesday. Dry whey down $0.0025 at $0.81. One sale was made at that price. Blocks down $0.0075 at $1.9825. Three trades were made from $1.9650 to $1.9925. Barrels down $0.03 at $1.92. Three trades were made at $1.92 and $1.9225. Butter down $0.06 at $2.80. Seven trades were made from $2.80 to $2.8625. Nonfat dry milk down $0.01 at $1.89. One sale was made at that price.
