On the Chicago Mercantile Exchange ilk futures were higher Monday as supply and demand numbers and lower grain markets brought support to prices. January and February each closed north of $20/cwt with March not far off either. All months in 2022 now sit north of $19/cwt for Class III. Class IV didn’t perform as well with prices off 7-15 cents/cwt.
On spot markets blocks up $0.0450 at $1.91. Two sales were made at $1.8850 and $1.91. Barrels down $0.02 at $1.66. Two trades were made at $1.66 and $1.6775. Butter down $0.0625 at $2.06. Nine trades were made from $2.06 to $2.10. Nonfat dry milk up $0.0050 at $1.63. Two sales were made from $1.6175 and $1.63. Dry whey unchanged at $0.7125.
(T2, D1)
