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Milk Futures Continue to Push Forward in Chicago Tuesday


On the Chicago Mercantile Exchange Front-month milk futures held above $18 mark with another day of strong cheese prices Tuesday. September traded 13 cents higher to $18.20/cwt while October was up 23 cents, November rallied 20 cents and December added 16 cents. Both September and October posted new lifetime contract highs.  December up 16 cents at $17.13. January through April contracts two to five cents higher.

The spot product market continues to rage on.  Blocks up $0.0525 at $2.0525 One trade was made at that price. Barrels up $0.02 at $1.82. Two trades were made at $1.8125 and $1.82. Butter up $0.0250 at $2.20. Fifteen trades were made ranging from $2.18 to $2.20. Dry whey unchanged at $0.38. Nonfat dry milk down $0.0025 at $1.0375. One trade was made at that price.

Grains were finally able to print green numbers on the screen. Corn jumped 7 cents, soybeans traded 14 higher and the wheat market grew 5 to 10 cents.


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