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  • ZISK

A Record Day for Butter

A record day of butter trading, with 49 loads trading hands on the CME spot trade, gaining 5 ¾ cents to $2.75/lb. This is the most physical loads traded on the CME since they moved to a 5 day trading week from a 3 day week. The rest of the spot trade was not as exciting, Cheddar Blocks gained a quarter of a cent to $2.01 3/4, with barrels slipping 1 ½ cents to $1.83 1/2/lb. Grade A Non Fat Dry milk slid a penny to $1.08 ½ with Dry whey falling half a penny to $0.25 3/4/lb.

Class IV milk was lower in August, sliding 4 cents to $18.90, but the balance of 2024 was higher with September gaining 6 cents to $19.05, October up 11 to $19.00 even, and November up 18 cents to $18.86/cwt.

Class III milk struggled with August gaining a penny to $17.34, but September fell 13 cents to $17.91 and October struggled, slipping 31 cents to $17.80/cwt.

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August 16, 2023

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