trade higher
January 22, 2018

Milk Prices Move Higher

 |  By: Know Your Market

Another round of higher prices resulted in the Class III milk markets on Monday. First half 2018 prices gained 1-10 cents on a modest volume trading day. The first half of the year closed at $13.95 per cwt. Second half prices finished 4 cents lower to 6 cents higher. The second half of the year closed Monday with a $15.63 per cwt average.

Class IV saw higher markets as well. January and February closed unchanged as did November and December. All other months closed higher. March through June added 7-10 cents and raised the first half average to $13.72 per cwt. July through October was up 1-9 cents to settle with a second half average of $14.76 per cwt.

Cheese carried the product markets higher in the CME spot session. Barrels added 2 cents after 3 loads moved hands. Barrels ended at $1.365 per pound. Blocks grew a half cent in value to $1.57 on 1 trade. Butter closed unchanged at $2.12 per pound after 6 trades. Grade A nonfat dry milk finished unchanged as well at 70 ¾ cents. In a rare spot session, no bids or offers were left hanging in any of the four markets on Monday.

This block is broken or missing. You may be missing content or you might need to enable the original module.