On the Chicago Mercantile Exchange Milk futures continued higher at midweek as strong global trade continues to carry markets. Class III milk futures were mixed on Tuesday. November added 2 cents to $20.34 per cwt while December added 5 cents to $18.44 per cwt. First half 2020 traded even to 4 cents higher while second half prices closed even to 2 cents lower. Class IV markets were slightly lower on Tuesday. First half 2020 fell 1-12 cents and closed with an overage of $17.70 per cwt.
Dry whey up $0.0125 at $0.3450. One trade was made at that price. Blocks unchanged at $1.8375. Barrels unchanged at $2.15. Butter down $0.0175 at $2.0475. Three trades were made ranging from $2.04 to $2.0575. Nonfat dry milk down $0.01 at $1.2250. One trade was made at that price
Grain prices felt weakness once again. Corn declined 3 and a quarter cent to $3.66 and three-quarters, soybeans dropped 6 and a half cents to $9.05 even and the wheat complex ranged from three and a half cents higher in Chicago to 3 cents lower in Minneapolis.
