Thursday’s markets were dormant, with little action in feed and milk. Class III milk was uneven, with February falling a penny to $17.92, March falling two cents to $17.64, and April rising four cents to $17.89/cwt. The balance of 2023 remained basically identical, although 8 cents lower. Class IV milk fell 2 cents to $18.95 in February, 6 cents to $18.87 in March, and 12 cents to $18.80 in April.
The CME spot market had Dry whey gains $0.0050 to $0.44. Blocks are stable at $1.88. Barrels are up $0.01 to $1.5475 per barrel. The price of butter remains steady at $2.42. At $1.22, nonfat dried milk is down $0.0075.
(T1, D1)
