On Thursday, most futures prices for milk and cash prices for dairy continued to fall on the Chicago Mercantile Exchange. After the spot cheese trade, most Class III milk futures went down. $20.50/cwt went up by 3 cents in November. December milk prices went down by 32 cents, to $18.78/cwt. Milk futures for 2023 were flat to down for the day. Today, there was only mild selling pressure on Class IV prices, with January dropping 38 cents the most.
Spot trade Cheese blocks went down $0.0375 to $1.96. At that price, one sale was made. Cheese Barrels were down $0.0550 at $1.9250. There were no sales. At $3.1450, butter was down $0.0050. At that price, one sale was made. The price of nonfat dry milk is still $1.42. There were no sales. At $0.43, dry whey stayed the same. There were no sales.
