On the Chicago Mercantile Exchange, the negative price trend continued Tuesday for milk futures and cash trade. Class III milk futures were negative on Tuesday. September milk gave up 10 cents to $19.79/cwt. October milk tumbled 39 cents to $20.02/cwt. Q4 2022 milk futures were 40-55 cents lower.
It was a mixed bag in the CME spot dairy product auction. Dry whey down $0.0050 at $0.48. One trade was made at that price. Blocks up $0.0350 at $1.75. One trade was made at that price. Barrels down $0.01 at $1.85. Eight trades were made from $1.8475 to $1.87. Butter down $0.0325 at $3.05. Nonfat dry milk down $0.0050 at $1.5650. Two sales were made at that price.
(T1, D1)
