On the Chicago Mercantile Exchange milk futures closed mostly higher Wednesday as strength from global markets continues while cash trade was mixed. July finished unchanged at $17.31 but the remaining months saw double digit gains. August up 17 cents to $17.67, September also gained 17 to $17.89 and the second half averaged at $17.61/cwt. First quarter of 2020 also saw gains of 16-18 cents and averages at $16.75. Class IV milk was not as robust. July fell 1 cent to $16.90, August gained 2 cents to 17.10 and the second half finished the day averaging $17.18/cwt
Dry whey up $0.0025 at $0.3250. One trade was made at that price. Blocks unchanged at $1.7750. Barrels unchanged at $1.69. Butter down $0.02 at $2.4150. Ten trades were made ranging from $2.41 to $2.4350. Nonfat dry milk down $0.0075 $1.0275.
Grain and Feed prices were mixed on Wednesday December corn gained a quarter of a cent to $4.41 ¾, November Soybeans fell 5 ½ to $9.00 ½ /bu, and Aug Soybean meal finished the day down $0.90 to $307.50/ton.