Milk Prices Finally Gain Some Ground
All markets seemed to retrace their steps from yesterday's pullback. On the CME Spot trade, barrels went up a tick while blocks gained a whopping 5.5 cents bringing the cheddar prices to $1.40 and $1.53, respectively. Whey joined the party as well, adding nearly 2 cents to $0.2475. August Class III added 58 cents to $15.40/cwt. Butter nudged over the 2.50-mark top $2.53 and Nonfat was brought upward the same amount to $1.1150. August Class IV came up 16 cents to $18/cwt.
By KNOW YOUR MARKET
July 13, 2023