On the Chicago Mercantile Exchange milk futures closed higher Thursday while cash trade was mixed. Class III milk prices put together a solid performance. December added 6 cents while first half 2020 ranged from 2-11 cents higher. Class IV made modest gains as well out into the first half of the year.
The barrel cheese market continued to get destroyed on Thursday as another 10 ¼ cents came out of the market following 7 loads moving from seller to buyer. Dry whey down $0.01 at $0.3425. Seven sales were made ranging from $0.3425 to $0.3550. Blocks down $0.0525 at $1.8575. Butter up $0.0050 at $1.9550. Two trades were made at $1.95 and $1.9525. Nonfat dry milk up $0.0050 at $1.2575.
Over the grain markets, corn gained back the 6 cents that it lost yesterday following solid export data being released. Soybeans tagged along trading 4.5 cents stronger, and wheat jumped 11-12 cents in Chicago and Kansas City.
