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.