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Futures Down, Cash Dairy Up in Chicago Thursday


At the Chicago Mercantile Exchange, Thursday milk futures were down and cash dairy prices were up. The final average price for the period of August through December finished at $15.73, down 9 cents from Wednesday’s finish.July Class Three milk was down $.04 at $14.14.   August was down $.07 at $14.85. September was down $.13 to $15.55.  October was down $.07 to $16.14. The 2019 average slipped 2 cents to $16.03. Class IV markets continued their upward stride on the heels of a stronger butter trade. The average price from now through the end of the year is $14.92, up a penny. However, the strongest performance took place in the 2019 calendar with the first half of the year rising 6 cents to $15.61.

The CME spot trade logged yet again another positive performance. Barrels rising ¾ cents to $1.48 and ¾ cents. The price of barrels have now risen 19 and ¾ cents from Monday’s finish. Block cheese remained unchanged to finish once more at $1.51. Two loads did trade on Thursday, however.  Grade AA Butter was up $.0450 at $2.27 per pound.  Ten carloads sold from $1.2450 to $2.27. Nonfat dry milk was up $.0125 to $.8175 per pound.  Two carloads sold at $.8150 and $.82. Dry whey was up $.0025 at $.4125 cents per pound.  No sales were recorded.


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