On the Chicago Mercantile milk futures began March with a new leaf, seeing higher movement as traders take back losses from coronavirus fears. Class III milk futures markets added 5 to 17 cents on Monday. March to June milk futures are offering producers $16.42 cents per cwt. Second half 2020 closed the day at $17.04 per cwt. Class IV months climbed 20 to 47 cents April through December 2020.
Dry whey down $0.0050 at $0.3350. Blocks up $0.0450 at $1.7675. Three sales were made ranging from $1.75 to $1.7675. Barrels down $0.0050 at $1.5850. Three trades were made at $1.5850 and $1.59. Butter up $0.1050 at $1.83. Four sales were made at $1.82 and $1.83. Nonfat dry milk up $0.0450 at $1.11. Six trades were made at $1.10 to $1.11.
Grain priced settled out with corn up 7 and a quarter in May at $3.75 and a half, soybeans added 8 cents and soybean meal closed at $3 per ton stronger. The wheat complex had Chicago down 2 cents, Kansas City was up 4 and a half, Minneapolis ended three-quarters of a cent higher.
