meta Markets Rally in Chicago Thursday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Markets Rally in Chicago Thursday

On the Chicago Mercantile Exchange milk futures continued their rally and closed mostly higher Thursday while cash trade was mixed. Class III milk markets closed Thursday slightly higher. July added 11 cents while August through November gained 2-3 cents and December declined 2 cents. 2020 prices added 2-10 cents out through October. Class IV markets were 3-8 cents higher September 2019 through February 2020. 

Dry whey up $0.01 at $0.3350. Two trades were made at $0.3275 and $0.3350. Blocks up $0.0050 at $1.78. Barrels up $0.0150 at $1.7050. Two trades were made at $1.70 and $1.7050. Butter down $0.0050 at $2.41. Eighteen trades were made ranging from $2.4050 to $2.4225. Nonfat dry milk unchanged at $1.0275.

Grain prices continued to slide on Thursday following a cooler and wetter forecast change. The corn market lost 11.25 cents and settled at $4.2975 per bu. Soybeans declined a penny and a half to $8.99 per bu. The wheat complex softened 12 cents in Chicago, 9 cents in Kansas City and 3 cents in Minneapolis.

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