meta Futures Lower in Chicago to Start the Week :: The Bullvine - The Dairy Information You Want To Know When You Need It

Futures Lower in Chicago to Start the Week


Milk futures on the Chicago Mercantile Exchange were lower Monday ahead of a mostly neutral milk production report. Class III milk continued a lackluster performance as grains fell. August was unchanged at $17.62, September fell 7 cents to $17.78, and October fell 5 to $17.78. The Aug – December average is at $17.52/cwt. 2020 markets were also weaker, falling 5-9 cents for Jan- March and averaging $16.49/cwt.

Dry whey up $0.0050 at $0.37.  Blocks up $0.0275 at $1.9075.  Two trades were made at $1.9050 and $1.9075. Barrels down $0.0150 at $1.75.  Eight trades were made ranging from $1.75 to $1.76.  Butter down $0.01 at $2.33.  Two trades were made at $2.33 and $2.3325. Nonfat dry milk unchanged at $1.03.  One trade was made at that price.

Grain and feed  markets fell again on Monday. December corn fell 6 ¼ to $3.74 ½, November soybeans fell 13 ¼ to $8.66 ½, and Soybean meal fell $2.90 to $292/ton. 


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