meta Milk Futures Lower In Chicago Thursday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Milk Futures Lower In Chicago Thursday


On the Chicago Mercantile Exchange, milk futures turned mostly lower Thursday with cash trade providing very little market direction. August was the only month able to post a gain in Class III.   August milk climbed 29 cents to $19.84/cwt.  September milk fell 9 cents to $16.91.  October declined 20 cents to $17.14.  November milk tumbled 31 cents to $16.91.  First half 2021 is averaging $16.33/cwt.  

It was a quiet day in the CME Cash Dairy Product Trade.  Dry whey unchanged at $0.32.  Blocks unchanged at $1.8150.  Barrels unchanged at $1.6425. Butter up $0.0175 at $1.5575.  Nine trades were made ranging from $1.54 to $1.57. Nonfat dry milk down $0.0175 at $0.9550.  Five trades were made ranging from $0.95 to $0. 9550.

The grain complex was mixed.  December corn inched ½ of a penny higher to $3.2375/bushel.  November beans fell ¾ of a penny to $8.78.  August soybean meal declined $1.60 to $280.70/ton.  September Chicago Wheat decreased 9.50 cents to $5.0125.  October Live Cattle lost 47 cents to $106.97/cwt.  September feeders dropped 60 cents to $145.87.  September crude oil fell 18 to $42.01/barrel.     


Send this to a friend