On the Chicago Mercantile Exchange milk futures continued lower at midweek as did most cash markets. Class III milk fell 23 cents to $18.08 in November, December fell 28 to 17.97 and January fell 31 cents to 18.09/cwt. 2022 has the first half down 4-31 cents with the average still at 18.31/cwt. Class IV milk was mixed with November holding unchanged at 18.60, December up 8 cents to 19.13, and January down 5 cents to 19.00 even. 2022 markets were 6 lower to 3 cents higher and are holding a first half average at 18.88/cwt.
The CME spot trade saw dry whey up $0.0050 at $0.65. One trade was made at that price. Blocks down $0.0325 at $1.6725. Barrels down $0.09 at $1.57. Five trades were made from $1.57 to $1.64. Butter down $0.04 at $1.94. Six trades were made at $1.94 to $1.9925. Nonfat dry milk unchanged at $1.5650. Three trades were made from $1.5550 to $1.5650.
