On the Chicago Mercantile milk futures adjusted higher Thursday while cash markets remain mixed with the storyline very much unchanged as coronavirus concerns continue on. Class III milk prices were on of the few bright spots adding 2-13 cents through the end of the year. Class IV months struggled and fell single digits in the nearby months.
CME spot dairy auction results ended with dry whey up $0.0050 at $0.34. Four trades were made at that price. Blocks down $0.01 at $1.75. Two sales were made at $1.7450 and $1.75. Barrels down $0.04 at $1.4775. Four trades were made ranging from $1.4775 to $1.5125. Butter up $0.0150 at $1.88. One sale was made at that price. Nonfat dry milk down $0.01 at $1.1250. Thirteen trades were made ranging from $1.12 to $1.13.
Grain markets turned in a round of lower trade with corn down 3 cents, soybeans off 10, and the wheat complex was down 1 in Chicago, and 7 in Kansas City and Minneapolis. Fat cattle lost $2 per cwt and feeders were $1.90 per cwt lower. The energy complex fell 75 cents while diesel dropped 4 cents per gallon.
