Prices for both futures and cash milk on the Chicago Mercantile Exchange went up on Thursday. Class III milk futures went up by a lot. Class III milk for December went up 84 cents to $19.90/cwt. January milk prices went up 65 cents, reaching $19.55/cwt. Class IV milk futures also got a boost when the price of milk in December went up 53 cents to $20.90/cwt.
Dairy products were the same or went up. In the CME spot dairy product auction on Thursday. At $0.4525, dry whey stayed the same. There were no sales. Blocks of cheese went up by $0.0325 to $2.01. There were no sales. Cheese Barrels were up $0.0050 at $1.9750. There were three sales between $1.9550 and $1.9750. Butter stopped falling for three days, going up $0.0575 to close at $2.6675. There were three sales that were all between $2.66 and $2.67. Dry nonfat milk went up by $0.01 to $1.38. At that price, there were two sales.
