meta Class III Crosses $20 for First Time Since 2014 in Chicago Wednesday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Class III Crosses $20 for First Time Since 2014 in Chicago Wednesday


On the Chicago Mercantile Exchange milk futures continue to move higher Wednesday with November contracts pushing past $20 thanks to continued strength in the cash cheese market.   Class III milk futures turned in another solid round of trade Wednesday jumping 29 cents in November and 38 cents in December. The result is $20 milk on the board for the first time since 2014. November ended near $20.15 per cwt. December isn’t far behind as it settled around $19.35 per cwt. 2020 prices traded 9-18 cents stronger in the first quarter and 3-7 higher the remainder of the year. Class IV months traded slightly higher as well. 

Dry whey up $0.0025 at $0.27.  Eights trades were made at that price.  Blocks up $0.02 at $2.1725.  Four trades were made ranging from $2.1625 to $2.1725. Barrels up $0.02 at $2.2725. Butter down $0.0075 at $2.08.  Six trades were made ranging from $2.0675 to $2.0850. Nonfat dry milk up $0.0075 at $1.1650.  Five trades were made ranging from $1.1625 to $1.17. 


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