On the Chicago Mercantile Exchange Tuesday milk futures were up and cash dairy prices were mixed. November and December added 6 and 9 cents. First quarter 2020 prices traded 6-10 cents higher while the balance of 2020 was slightly higher. Class IV markets were up 9 and 13 in November and December also.
Dry whey was up $.01 at $.3075 cents per pound. Nine sales were recorded from $.30 to $.3075. Forty-pound blocks were down $.0175 at $2.0550 per pound. Four sales were recorded from $2.0450 to $2.0550. Barrels were unchanged at $2.0250 per pound. Six sales were recorded at that price. Grade AA Butter was up $.01 at $2.12 per pound. Seventeen sales were recorded from $2.11 to $2.12. Nonfat dry milk was unchanged at $1.1675 per pound. No sales were recorded.
Grain prices stepped back on Tuesday after reservations of whether China will follow through and sign Phase 1 of a potential trade deal. Corn lost 4 cents, soybeans were down 6.5 cents, and the wheat complex softened 4-5 cents.