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Milk Futures and Cash Dairy Mostly Lower In Chicago Before Thanksgiving Holiday


At the Chicago Mercantile Exchange Class III milk futures closed to the lower side Wednesday ahead of the Thanksgiving Holiday and pressured somewhat by improving international prices.   November closed a penny higher at $14.48. December down 14 cents at $14.32. The average price of the first half of 2019 dropped 6 cents to $15.09 per cwt while the second half of next year’s calendar dropped 3 cents to $16.26.  January a dime lower at $14.46. February down six cents at $14.70. March through next October contracts closed two to seven cents lower.  Class IV followed a similar pattern with the first half dropping 6 cents as well to $15.27 per cwt while the second half of the year move a penny higher to close at $16.24.

Block cheese was 1/2 cent higher after three loads moved from seller to buyer to finish at $1.34 1/2 while barrels were down a penny closing at $1.24 after just a pair of loads were traded. Butter dropped 2 1/4 cents after four loads moved from seller to buyer. It finishes at $2.28 a pound while grade A nonfat dry milk rose a penny on 11 loads to finish at 89 cents. Dried whey saw seven loads trade hands, prices moved 1/2 cent higher and now finish at 42 1/2 cents.

Dairy markets will be closed Thursday and Friday for the Thanksgiving holiday.


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