The bears drove the market Wednesday as we saw most commodities move lower. The dairy markets continued to see only Cheese floundering.

The CME spot trade had Cheddar blocks down 7 cents to $2.05 with 1 load trading and Barrels fell 4 cents to $1.98/lb with no loads trading hands. Butter held unchanged at $2.73/lb.

Wheat was our lone green on the board. Gaining ¼ cent to $0.76/lb and Grade A Non Fat Dry Milk was unchanged at $1.84 1/2/lb.

Class III milk continued its slide below $23. March actually gained 1 cent to $22.38, April fell 53 cents to $22.88, and May down 54 to $23.33/cwt. The balance of 2022 was down 8-39 cents.

Class IV was mostly unchanged. March at $24.8, April down 19 to 24.86 and May at 24.95. The balance of 2022 unchanged to down 25.

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