On the Chicago Mercantile Exchange milk futures ended the day mixed with mostly higher cash markets and strong global trade. February Class III milk was down two cents at $20.80. March 16 cents higher at $22.97. April down four cents at $23.21. May 14 cents higher at $22.64. June through August one to 15 cents lower.
In spot trade dry whey was down $0.03 at $0.8125. Blocks up $0.0750 at $1.99. Three trades were made from $1.94 to $1.99. Barrels unchanged at $1.95. Butter up $0.0750 at $2.86. Ten trades were made from $2.82 to $2.86. Nonfat dry milk unchanged at $1.90. Two sales were made at that price.
Today’s Global Dairy Trade event 302 concluded with the GDT Price Index 4.2% higher. Butter was 5.1% higher to $2.96/lb (US equivalent adjusted to 80% fat). Cheddar Cheese jumped 3.5% to $2.67/lb on aggregate. Whole Milk Powder was up 4.1% to $2.04/lb. Skim Milk Powder surged 6.0% to $1.95/lb.
