Milk Prices Mix and Mingle – eDairyNews
United States |7 mayo, 2021

Milk | Milk Prices Mix and Mingle

Class III milk prices ranged anywhere from even to 10 cents higher at the close following lower trade all day.

The CME spot product market traded in a mixed tone on Tuesday. Grade A nonfat dry milk rose 2 cents/lb following 6 trades. Cheddar barrels inched ¾ of a cent higher to a value of $1.82/lb while blocks were unchanged at $1.80 despite two loads moving hands. Butter softened ¾ of a cent to $1.745/lb. Whey lost 1.5 cents on offers to a settlement of $0.645/lb.

CME trade followed a lower GDT index earlier in the day. The overall index lost 0.7% with butter and cheddar taking the biggest hits. Butter weakened 12.1% to $2.22/lb when converted to 80% fat. Cheddar declined 4.5% and printed a closing value of $1.94/lb. Lactose and anhydrous milk fat were also products that headed south in price on today’s trading event. Butter milk powder jumped 14.4% while skim milk powder added 2.0% ($1.555/lb) and whole milk powder was up 0.7% ($1.865/lb).

Class III milk prices ranged anywhere from even to 10 cents higher at the close following lower trade all day. Class IV values traded anywhere from 5 cents lower to 5 cents higher. Grain values continue to creep higher. Corn and soybeans added 17-18 cents/bu. Soybean meal also traded $2-$7/ton stronger in 2021 and 2022. The wheat complex rallied 5-12 cents/bu as well.

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