meta Coronavirus impacts weigh on cash markets and global trade in Chicago Thursday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Coronavirus impacts weigh on cash markets and global trade in Chicago Thursday


On the Chicago Mercantile milk futures slid again Thursday as coronavirus impacts weigh on cash markets and global trade.  Class III milk saw February fall 2 to $16.99, March fello 15 to 16.32, and April fell 16 to 16.02/cwt. Class IV gained 4 in February but the balance of months were lower. March off 9 to 15.35, April fell 10 to 15.12, and May fell 20 cents to 15.20/cwt. 

Dry whey down $0.0150 at $0.3375.  Three sales were made at $0.34.  Blocks down $0.0375 at $1.7225.  Three trades were made ranging from $1.7225 to $1.7450.  Barrels unchanged at $1.59.  Three trades were made at $1.5875 and $1.59. Butter down $0.0250 at $1.6950.  Twenty-one sales were made ranging from $1.6750 to $1.70. Nonfat dry milk down $0.02 at $1.08.  Two trades were made at $1.08 and $1.0925. 

Soybeans turned higher midday to finish the day at 8.86 ¼, 5 ¼ cents higher, Soybean meal followed gaining $5.60 to 296.90/ton, however corn couldn’t find support, falling 6 cents to 3.64 ½. 


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