The CME spot trade had Cheddar Barrels leading the day with a penny move higher to $1.54 ¾, but Cheddar blocks held unchanged at $1.88/lb. Whey also found some life and gained half a penny to $0.44/lb with Butter unchanged at $2.42 and Grade A non Fat Dry milk falling ¾ of a cent to $1.22/lb.
Class III milk was mixed with February off a penny to $17.92, March down 2 to $17.64, and April up 4 cents to $17.89/cwt. The balance of 2023 was mostly unchanged to 8 cents lower.
Class IV milk had small moves lower: February down 2 to $18.95, March off 6 to $18.87, and April down 12 to $18.80/cwt.
Grain markets had corn down a quarter of a cent to $6.76/bu, Soybeans down ¾ of a cent to $15.26 ½, with soybean meal gaining 30 cents to $491.4/ton.
With Ever.Ag this is Jenny Wackershauser on Know Your Markets.
