Class III: Green in Spring
The CME Spot product market showed some strength on Wednesday as all 5 products traded. Butter rose 1 cent to $2.28 after 3 loads traded. Blocks gained 1 ½ cents after 5 trades to $1.67 ¼ cents/lb. Barrels finished the session down ¾ of a cent to $1.59 cents. Grade A non Fat Dry milk moved fractionally higher to 99 ½ cents up ¾ of a cent. Lastly Dry whey fell ½ a cent to 34 ¼ cents.
Class 3 markets also showed positive results during the session trading anywhere from 9 to 16 cents higher. the front months traded at 15.95 in April, 15.77 in may and 15.95 in June. The second quarter average is now at 15.89. The second half average is now at. 16.49.
The 2020 Class 3 markets also saw upward movement trading anywhere from 4 to 18 cents higher in months January through September.
Class 4 market moved higher as well trading anywhere from 3 to 10 cents higher in months may to December.