CME dairy markets see big gains Tuesday

Market News

CME dairy markets see big gains Tuesday

Most milk futures and cash dairy prices spiked higher on the Chicago Mercantile Exchange Tuesday. 

The first four months of 2022 all saw $.75 cent price increases Tuesday.  January Class III milk was up $.75 at $20.75.  February closed up $.75 at $21.79.  March closed up $.75 at $21.44.  April was up $.75 at $21.10.  May through December contracts ranged from nineteen to seventy-five cents higher.

Dry whey was unchanged at $0.7525.  No sales were recorded.

Cheese Blocks closed up $.0350 at $2.0150.  Two sales were recorded at $2.00 and $2.01.

Cheese Barrels jumped $.0875 higher, closing at $1.80.  No sales were recorded.   

Butter was up $.16 at $2.65.  There were thirteen sales ranging from $2.58 to $2.66.

Nonfat dry milk unchanged at $1.6450.  Three sales were recorded from $1.6350 to $1.64.