CME spot dairy auction prices were pretty quiet to start the week on Monday. Whey and nonfat dry milk were the lone products to trade with whey moving a single load and nonfat had four. Whey increased a half cent to $0.285/lb. All other products were unchanged. Butter closed at $2.67/lb, blocks at $1.945/lb, barrels at $1.800/lb, and nonfat at $1.105/lb, respectively.
Class III and IV markets were quite as well. September through December 2023 Class III milk futures ranged from 7-12 cents lower with the last four months of the year averaging around $18.50/cwt. Q1 2024 was mixed with January a dime higher and March down twelve. Class IV saw just October trade which ended 8 cents stronger.
August 28, 2023
dairyherd.com
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