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Milk Futures Higher Midweek in Chicago


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. 

 


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