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.