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Milk Markets Slightly Higher in Chicago Wednesday


On the Chicago Mercantile Exchange January Class III milk futures a penny higher at $20.38.  February up 43 at $22.63.  March 29 higher at $22.38.  April through June contracts 20 to 38 cents higher. Class IV milk continues to drive higher though January and was unchanged at $22.80. February gained 35 cents to $23.25 and March was up 15 to 23.10/cwt. Class IV 2022 average is $22.29/cwt.

The CME spot trade saw Dry whey steady at $0.7625. Blocks up $0.0050 at $2.0525. Barrels up $0.0750 at $1.9050. Butter down $0.0125 at $2.83. Nonfat dry milk up $0.02 at $1.76.  Two trades at $1.75 and $1.76.


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