On the Chicago Mercantile Exchange milk futures traded mostly lower following the direction of grain markets while cash trade was mixed. Class III Milk was mixed May gained 5 cents to 18.93, June fell 18 to 18.30, and July fell 2 cents to 19.10/cwt. Balance of 2021 was down 2 to 10 higher. Class IV gained 3 cents in May to 16.25, June was unchanged at 17.00 even, and July fell 5 cents to 17.39/cwt. The balance of 2021 was unchanged.
The CME spot trade was weaker. Dry whey up $0.0050 at $0.64. One sale was made at that price. Blocks down $0.03 at $1.6025. Ten trades were made from $1.60 to $1.63. Barrels down $0.0025 at $1.6250. Twelve sales were made from $1.6250 to $1.63. Butter up $0.0025 at $1.8550. One sale was made at that price. Nonfat dry milk down $0.01 at $1.3025. Six sales were made from $1.3025 to $1.31.
