On the Chicago Mercantile Exchange milk futures and cash dairy prices were mostly higher Wednesday. Class III Milk saw a nice jump higher with April up 12 cents to $24.22, May pushed past $25 to gain 36 cents and finishing the day at $25.17/cwt with June jumped 27 cents to $25.10. The second half of 2022 is averaging at $24.10/cwt. Class IV milk was more mixed with April unchanged at $25.25, May down 20 cents to $25.00 and June down 14 cents to $25.02/cwt. The balance of the year was down 15 to 10 higher.
The CME spot trade had gains in cheese. Cheese Blocks were up $.01 closing at $2.33. Three sales were made from $2.31 to $2.33. Cheese Barrels were up $.0125, closing at $2.38. Two trades were made at $2.3750 and $2.38. Butter was unchanged at $2.7750. Two sales were recorded at $2.7650 and $2.7675. Nonfat dry milk was unchanged at $1.82. No sales were recorded. Dry whey was unchanged at $0.6350. Two sales were recorded at that price.
