On the Chicago Mercantile Exchange, milk futures ended Tuesday lower as did most cash markets. July was the only month in Class III to post a gain today. July added 1 to $24.42/cwt. August dropped 27 cents to $21.84/cwt. September suffered a 42 cent move lower to $20.01/cwt. October tumbled 32 cents to $18.58. Class III Q4 average is $17.38/cwt. Class IV prices remained relatively unchanged.
In the CME cash dairy product trade, Dry whey unchanged at $0.3425. Blocks down $0.04 at $2.44. Two trades were made at $2.4475 and $2.45. Barrels down $0.01 at $2.44. Butter down 0.0175 at $1.71. Two trades were made at $1.71 and $1.7250. Nonfat dry milk unchanged at $0.99. Three trades were made ranging from $0.9875 to $9950.
The grain complex ended lower today. December corn fell 4.50 cents to $3.30/bushel. November soybeans declined 12.25 cents to $8.8750. August soybean meal lost $3.60 to $288.90/ton. September Chicago wheat was down 4.25 cents to $5.2350/bushel.
