On our last day of trading for the week, we saw mostly a slide lower. May Class III milk futures on the Chicago Mercantile Exchange down 40 cents at $11.43. June fell 44 to $12.82. Second half of 2020 was mixed with Aug unchanged and November gaining 2 the second half averages at $15.61/cwt. Class IV milk saw April gain 16 to $11.57, May fell 12 to $11.41, and June fall 27 cents to $11.82/cwt.
Dry whey up $0.01 at $0.35. Blocks down $0.0725 at $1.0550. Barrels down $0.0650 at $1.00. Eleven trades were made, ranging from $0.9975 to $1.00. Butter down $0.0525 at $1.2475. Thirteen trades made, with a range of $1.2475 to $1.29. Nonfat dry milk down $0.0075 at $0.8975. Six trades were made, ranging from $0.89 to $0.90.
The April Supply and Demand report was released by the USDA on Thursday and saw corn finish the week up 1 ¾ cents to 3.31 ¾, soybeans gained 9 to 8.63 ½, and soybean meal fell 30 cents to $292.50/ton.
