On Monday, the Chicago Mercantile Exchange saw milk futures go up and cash dairy prices stay the same or go down, except for cheese. Futures markets for Class III milk only got back a small amount of what they lost on Friday. The markets for November and December both went up by 15 cents, ending at $20.56 and $19.85/cwt, respectively. Between 6 and 17 cents stronger from January to April 2023. The markets in Class IV were a mix. Futures for 2022 and 2023 ended up 14 cents higher in November 2022 and 18 cents lower in September 2023.
CME spot dairy auction prices began this week in a mixed fashion. Cheese Barrels were up $0.0550 at $2.18. There were four sales between $2.15 and $2.18. At $3.1675, butter was down $0.0075. There were no sales. At $1.4875, nonfat dry milk was down $0.0025. There were four sales between $1.4850 and $1.4875. At $0.4425, dry whey stayed the same. There were no sales. The price of a cheese block stayed at $2.05. There were no sales.
