Milk Markets Take a Wild Ride Higher
What a wild ride for my dairy today! A limit move-up in September Class III milk came from the result of a bullish milk production report coupled with a second consecutive healthy cheese spot trade. Blocks and barrel came up 13.5 and 12 cents, respectively. That brings us to $1.72 blocks and $1.5850 barrels while whey gained a penny to 25 cents per pound. Butter lost a quarter cent on the spot trade as nonfat accepted a half cent. September Class IV increased 33 cents to $18.30.
By KNOW YOUR MARKET
July 20, 2023