Milk Prices Shoot Higher

Milk markets continue their Rocket higher. The Spot market followed with Butter jumping 10 ¼ cents higher to $2.90 ¼ with Cheddar blocks moving 4 cents higher to $2.06/lb and Barrels gained 2 ½ cents to $2.01/lb. Powders were unchanged. Grade A Non Fat Dry Milk at $1.38 ½ and Dry Whay at $43 1/2/lb.

Class III milk gained 12 cents in November to $21.00 even, December jumped 61 since after trading as high as 75 cents higher to finish the day at $21.58/cwt and January gained 53 cents to $20.68/cwt.

Class IV milk followed but was a smaller move. November unchanged at $22.82, December at $21.52, gaining 14 cents, and January unchanged at $20.67/cwt.

Grain markets were quiet after a snoozer of a USDA Supply and Demand report. Corn finished the day down 3 cents to $6.64 ½, January soybeans gained 5 ½ to $14.52 even, and soybean meal fell $1.70/ton to $417.60/ton.

With Ever.Ag this is Jenny Wackershauser on Know your markets.

By KNOW YOUR MARKET

November 9, 2022

dairyherd.com