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Milk Markets Take Beating in Chicago While Butter Shines Through


On the Chicago Mercantile Exchange milk futures and cash dairy prices were mostly lower Wednesday, with butter being the exception.  Class III prices saw August falter 34 cents and September 50 cents, respectively.  Q4 2022 ranged from 35-39 cents lower.  Outside of January losing 21 cents of value, most 2023 months were slightly lower to 40 cents higher.  Class IV was off around 15-20 cents in 2022.  

In spot trade dry whey was down $0.02 at $0.42.  One sale was made at $0.4250. Cheese blocks were down $0.0375 closing at $1.85.  No sales were recorded. Cheese Barrels were down $0.0950 at $1.79.  Three sales were recorded from $1.79 to $1.80. Butter went up $0.0275 closing at $3.06.  Six sales were made from $3.0525 to $3.06. Nonfat dry milk was down $0.0225 at $1.5925. One sale was recorded at that price.


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