On the Chicago Mercantile Exchange Thursday milk futures were up and cash dairy prices were mixed. Class III milk had trouble believing the cheddar prices the last couple days, but followed cheese higher on Thursday. October gained 2 cents to $18.67, November gained 36 to $19.37, and December gained $17 to $18.48. 2020 markets were more mixed – January – March were 1-8 higher , but April forward were 1-3 cents softer. We saw less action in Class IV milk. October was unchanged at $16.41, November fell a penny to $16.62, and November gained a penny to $16.53
Dry whey was up $.0025 at $.2925 cents per pound. Twenty-five sales were recorded from $.2875 to $.2950. Forty-pound blocks were up $.0150 at $2.1250 per pound. Five sales were recorded from $2.12 to $2.1250. Barrels were up $.0050 at $2.20 per pound. No sales were recorded. Grade AA Butter was down $.0025 at $2.0575 per pound. One sale was recorded at that price. Nonfat dry milk was down $.0025 at $1.1625 per pound. No sales were recorded.
The harvest lull has hit the grain and feed markets. December corn was off a penny to $3.86 ¾, November soybeans fell half a cent to 9.33 ¼, and December soybean meal fell $3 to $305.60 per ton.
