On Monday, the Chicago Mercantile Exchange had a mix of prices for milk futures and cash dairy. Futures for November added 26 cents to a settlement of $20.47/cwt. Futures for December rose 19 cents to $19.00. Prices for milk in the first half of 2023 ranged from 9 cents less to 4 cents more. On average, they cost $19.43. Class IV 2022 markets struggled as November prices went down by 35 cents and December prices went down by 7 cents/cwt. From 5 to 23 cents less in the first half of 2023 for Class IV months.
Cheese Barrels went up $0.0175 to $1.9425 at the CME spot dairy auction. There were three sales between $1.9250 and $1.9425. At $2.9450, butter had dropped sharply by $0.1950. There were four sales between $2.9450 and $3.10. The price of dry nonfat milk went down $0.0050 to $1.4250. There were no sales. At $0.44, dry whey went up $0.01. There were no sales. Cheese blocks stayed the same price of $1.96. At that price, there were two sales.
