meta Dairy Markets Continue To Go Lower In Chicago Thursday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Dairy Markets Continue To Go Lower In Chicago Thursday


At the Chicago Mercantile Exchange Class III milk futures traded another day lower after a mostly bearish supply and demand report and lower cash trade. Class III markets were softer on Thursday falling 3 cents in November and 18 cents in December.  November closed three cents lower at $14.43. December down 18 cents at $14.48. 2019 markets were also down on the day, losing 3 to 6 cents from January to September. January six cents lower at $14.72. February down six cents at $14.86. March through next October contracts closed unchanged to seven cents lower.

The CME spot markets on Thursday were mainly lower. Butter lost 1 ¾ cents at $2.1925 per pound. Blocks fell 3.5 cents to $1.39 per pound, trading 7 times. Barrels were unchanged in today’s session at $1.305 per pound. With the most volume of the session Grade A nonfat dry milk fell 1.25 cents to 85 ¾ cents, trading 11 times. Dry whey lost ¾ of a cent to 43 ¾ cents.


Send this to a friend