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Milk Futures Drop in Chicago while Cash Dairy Mixed


On the Chicago Mercantile Exchange Thursday milk futures were mostly down and cash dairy prices were mixed. Class III milk prices watched November mild decline 12 cents to a $18.50 settlement while December through July settled 4 lower, to 2 cents higher. First half 2020 is offering producers $17 per cwt at the close. Class IV markets fared better, ending even to 8 cents higher out through June 2020. The first half 2020 average is offering producer $17.32 per cwt for Class IV. 

Dry whey was down $.0125 at $.2925 cents per pound. Eight sales were recorded from $.2925 to $.3000. Forty-pound blocks were down $.0375 at $2.0025 per pound. Two sales were recorded at $2.0025 and $2.01. Barrels were down $.0200 at $2.00 per pound. No sales were recorded. Grade AA Butter was up $.0025 at $2.1450 per pound. Two sales were recorded at $2.14 and $2.1450. Nonfat dry milk was up $.0025 at $1.17 per pound. Eight sales were recorded at that price.

The grain market reacted in a favorable manner all day to the latest version of the United States and China trade saga as corn closed 3 cents higher at $3.94 3/4, soybeans added 3 ½, and wheat was up 12 cents in Chicago.


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