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Bumpy Ride For Dairy Markets in Chicago Thursday


On the Chicago Mercantile Exchange Tuesday milk futures and cash dairy prices were mostly up. The Class 3 markets began the session lower and then moved higher after the product trade. Class 3 traded anywhere from 1 – 20 cents higher. For the front months, February was up 3 cents to 13.97, March was up 20 cents to 14.56, and April was up 16 cents to 14.79. May was up $.12 to $15.25. The milk futures from June through next January ranged from zero to eight cents higher. The 1stand 2ndhalf averages are now at 14.68 and 16.25. Class 4 markets were mixed to unchanged trading anywhere from 7 cents lower to 14 cents higher. February rose 5 cents to 15.95.

Dry whey was down $.02 at  $.37 cents per pound. Eleven sales were recorded from $.37 and $.3876. Forty-pound blocks were up $.0525 at $1.51 per pound.  Four sales were recorded from $1.4750 to $1.51 per pound. Barrels were up $.08 at $1.3725 per pound.  Thirteen sales were recorded from $1.2925 to $1.3725. Grade AA Butter was unchanged at $2.2850 per pound.  No sales were recorded. Nonfat dry milk was down $.01 at $.99 per pound.  Four sales were recorded from $.99 to $.9975.


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