meta CME Markets Move Higher Despite Negative GDT :: The Bullvine - The Dairy Information You Want To Know When You Need It

CME Markets Move Higher Despite Negative GDT

On the Chicago Mercantile Exchange milk futures continued its trend higher along with cash markets despite negative global trade.  Class III milk futures were higher on the day. June moved 18 cents higher to $24.59/cwt. July settled 19 cents higher to $24.44/cwt. Class IV milk futures were approximately 15-40 cents higher. The USDA will release the April Milk Production Report Wednesday afternoon at 2 pm central time.

In the CME spot dairy auction, Dry whey up $0.0125 at $0.4975.  Two sales were made at $0.4925 and $0.4950.    Blocks up $0.0050 at $2.37.    Barrels up $0.0325 at $2.45.  Four trades were made from $2.42 to $2.45.    Butter up $0.03 at $2.77.  Six sales were made from $2.7375 to $2.77.    Nonfat dry milk up $0.01 at $1.7450. Three trades were made at $1.7450 and $1.7475.   

Send this to a friend