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Milk markets take rollercoaster ride in Chicago Tuesday


On the Chicago Mercantile Exchange, Class III milk futures were limit up at one point today but fell drastically over time. January milk jumped 11 cents to $20.38/cwt. February milk surged 39 cents to $21.94/cwt. March milk gained 27 cents to $21.80/cwt. Class IV 2022 milk futures settled 7-44 cents higher. 

Dairy products continued higher in the CME Cash Dairy Product Auction.  Dry whey up $0.0050 at $0.7625. Blocks up $0.0525 at $2.0475.  Three trades were made, ranging $2.03 to $2.0475. Butter up $0.0625 at $2.8425.  Eight trades, with a range of $2.7925 to $2.8525. Nonfat dry milk up $0.0175 at $1.74.  Six trades made, ranging from $1.7325 to $1.74. Barrels unchanged at $1.83.


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