meta Coronavirus fears continues to effect markets in Chicago Tuesday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Coronavirus fears continues to effect markets in Chicago Tuesday


On the Chicago Mercantile Exchange milk futures closed mostly lower Tuesday as global market fears continue with coronavirus outbreaks, albeit at a slower decline than previous sessions.  Class III milk saw February gain 11 to $17.03, but the balance of 2020 moved 1-10 cents lower. Our first half average sits at $17.15 per cwt.  Class IV milk slid lower – February fell 1 to $16.78 and March fell 10 to $16.65.

The CME spot trade was similarly mixed. Dry whey unchanged at $0.3650.  Blocks down $0.0050 at $1.9150.  Nine sales were made ranging from $1.9225 to $1.93.  Barrels up $0.0150 at $1.47.  Seven trades were made ranging from $1.47 to $1.48.  Butter down $0.0250 at $1.88.  Five trades were made ranging from $1.86 to $1.89. Nonfat dry milk down $0.0150 at $1.2150.  Three trades were made at $1.2150 and $1.22. 

 


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