meta Blocks over $2 and Milk Futures Higher in Chicago Tuesday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Blocks over $2 and Milk Futures Higher in Chicago Tuesday


On the Chicago Mercantile Exchange, Class III milk saw the front month lead the charge higher with June touching $17.98 during mid-day trading.  July up 29 at $17.15.  August through October contracts closed two higher to nine cents lower. Class IV was unchanged in May to $10.71, June also unchanged at $13.20 and July fell 2 to $14.20/cwt. The balance of 2020 was 3-9 lower. Class IV was unchanged in May to $10.71, June also unchanged at $13.20 and July fell 2 to $14.20/cwt. The balance of 2020 was 3-9 lower.

Dry whey down $0.02 at $0.32.  Fourteen trades were made, with a range of $0.32 to $0.3350. Blocks up $0.0850 at $2.0475.  Barrels up $0.0150 at $1.9250.  Twelve trades made, ranging $1.8875 to $1.92. Butter down $0.0025 at $1.5775.  Nonfat dry milk unchanged at $1.0250.

Grain markets continue to be quiet. Corn gained 1 ½ cents to $3.20 ½, Soybeans gained 1 ½ to $8.48 ½, and soybean meal fell $1.90 to $282.00/ton.


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