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

Markets Rally Wednesday in Chicago


On the Chicago Mercantile Exchange Milk futures continued their rally Wednesday as well as cash markets.  Class III milk saw its third day of gains this week. September gained 9 to $18.29, October gained 25 cents to $18.41, and November gained 22 to $17.89. 2020 markets also saw a move higher. Jan – March was up 6-12 cents and the average is at $16.43/cwt. Class IV milk followed butter gaining 7 cents in Sept to $16.27, Oct up 10 to $16.43 and November gained 16 cents to $16.52/cwt.

Holiday buying continues to spur markets higher.  Dry whey up $0.01 at $0.39. One trade was made at that price. Blocks up $0.04 at $2.0925 One trade was made at that price. Barrels unchanged at $1.82. Five trades were made at that price. Butter up $0.0350 at $2.2350. Fifteen trades were made ranging from $2.21 to $2.2350. Nonfat dry milk up $0.0050 at $1.0425. Two trades were made at $1.04 and $1.0425.

Grain and feed prices were down slightly Wednesday. December corn fell 1 ½ cents to $3.60, November soybeans fell 5 ½ to $8.66 ½ and September soybean meal fell $3.30 to $289.60/ton.


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