On the Chicago Mercantile Exchange milk futures pulled back from earlier week gains Thursday while cash markets continue to show strength. Class IV milk fell 3 in November to $16.78, but saw gains in forward months. December gained 2 to $16.80, January gained 1 to $16.82 per cwt. February unchanged at $17.16. March through June contracts four cents lower to three cents higher.
Dry whey up $0.0025 at $0.2725. One trade made at that price. Blocks up $0.0025 at $2.1750. Seven trades were made ranging from $2.1675 to $2.1750. Barrels up $0.0150 at $2.2875. Butter up $0.0025 at $2.0825. Eighteen trades were made ranging from $2.07 to $2.0825. Nonfat dry milk unchanged at $1.1650.
Grain and feed markets didn’t react much to the blanket of Halloween snow we saw across the corn belt. December corn fell ¾ of a cent to $3.90 even, November soybeans gained ¾ of a cent to $9.16 ¾, and December soybean meal gained $2.20 to $304.40 per ton.
