meta Barrels Stay Strong, Cash Dairy Mostly Higher, Milk Futures Mixed in Chicago Wednesday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Barrels Stay Strong, Cash Dairy Mostly Higher, Milk Futures Mixed in Chicago Wednesday


At the Chicago Mercantile Exchange class III milk futures closed mixed Wednesday supported somewhat by a strong cash market. For the fourth quarter average, which again finishes at calendar average ends at $16.22. Class IV once again found support with nearby prices rising as much as 13 cents. The average price from now through the end of the year moves a nickel higher to $15.21, and the 2019 average remains unchanged at $15.96. September milk closed unchanged at $16.14. October up six cents at $15.95. November three cents lower at $16.39. December down four cents at $16.22. January through next August contracts closed two cents lower to four cents higher.

Barrels jumped 5 and three-quarter cents to finish at $1.39 and three-quarters while blocks rose 2 and a half cents to $1.66. This leaves the spread between the two at 26 and a quarter cents.  Butter rose as well, moving a penny and three-quarters higher to $2.29 and three-quarters while whey futures set a new record moving up to 53 and a half cents, just a half cent higher over Tuesday’s finish. Grade A nonfat dry milk remained unchanged and ends once more at 87 and a half cents. Dry whey closed up $0.0050 at $0.5350.

 


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