On Monday, most dairy futures and cash prices went up on the Chicago Mercantile Exchange. In January, the price of Class III milk on the market went up 39 cents to $19.70/cwt. February prices went up 56 cents to $19.15/cwt, and March prices went up 27 cents to $18.71/cwt. April through August of 2023 also went up by more than 10%. On Monday, all Class IV markets went down until 2023.
Most CME spot product markets were up to start the week. At $0.39, dry whey stayed the same. There were no sales. The cheese market did well, with blocks going up by $0.1425 to $2.1975. At $2.18 and $2.1975, two sales were made. Cheese barrels were up $0.10 at $1.8250. There were seven sales between $1.80 and $1.8275. At $2.42, butter went up by $0.0375. At that price, one sale was made. At $1.2775, nonfat dry milk was down $0.02. At that price, one sale was made.
