meta Dairy Markets Giveth and the Taketh Away in Chicago Thursday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Dairy Markets Giveth and the Taketh Away in Chicago Thursday


On the Chicago Mercantile Exchange milk futures closed lower Thursday taking back earlier week gains while cash cheese prices remain strong.   Class III milk prices closed with double digit losses all the way out through June 2020. Fourth quarter 2019 ended with an average price of $18.33 per cwt. First half 2020 settled near $16.78. 

Dry whey down $0.01 at $0.30.  Fifteen trades were made ranging from $0.30 to $0.3075.  Blocks up $0.04 at $2.12.  Two trades were made at $2.0975 and $2.1025. Barrels up $0.0150 at $1.95.  One trade was made at that price. Butter unchanged at $2.0575.  Nonfat dry milk unchanged at $1.1625.  Two trades were made at $1.16.

Corn closed 14 cents lower at $3.80 ¼ per bu. Soybeans settled a quarter cent lower on Thursday following a friendly Supply and Demand report. Yield was lowered a bushel to 46.9 bushels per acre. Ending stocks fell to 460 million bushels whereas the trade was expecting to see 521 million bushels.


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