On the Chicago Mercantile Exchange milk futures were mostly lower Thursday while cash markets were mixed. Class III milk saw September gain 6 cents to 16.31, but October struggled all day and gave back 30 cents to 18.15/cwt. November fell 8 to 18.09/cwt. 2021 was quieter with moves unchanged to 16 cents lower. Class IV milk was unchanged in Sep to 12.72, Oct fell 24 to 13.66, and Nov fell 16 to 14.20/cwt.
This followed another CME spot trade with a lack of loads showing up. Dry whey unchanged at $0.3850. Blocks unchanged at $2.54. Barrels up $0.0025 at $1.6325. One sale was made at that price. Butter down $0.0175 at $1.5025. Four trades were made at $1.49 to $1.5050. Nonfat dry milk down $0.0050 at $1.08. One sale was made at that price.
Soybeans led the grain complex lower, falling 14 ½ cents to $10 even, corn followed moving 5 cents lower to 3.63 ½, and SOybean meal gave back $8.30 to $333.80/ton
