meta Milk Futures See Double Digit Gains in Chicago Thursday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Milk Futures See Double Digit Gains in Chicago Thursday


On the Chicago Mercantile Exchange milk futures showed solid strength Thursday as cheese markets showed back up to work. Class III milk markets gained 3 cents in November and 27 cents in December 2019. First quarter 2020 traded 14-29 cents stronger while the second quarter ranged from even to 10 cents higher. Second half 2020 prices declined 1-4 cents per cwt.  Class IV markets watched December fall 4 cents, March declined 3 cents while June traded 5 cents higher. The USDA’s cold storage report will be released Friday. 

November Class III milk up three cents at $20.37.  December up 25 cents at $18.69.  January 23 cents higher at $18.19.  February up 24 cents at $17.69.  March through June contracts unchanged to 14 cents higher. Dry whey up $0.01 at $0.3550.  Three trades were made ranging from $0.35 to $0.3550. Blocks up $0.0050 at $1.8425.  Four trades were made ranging from $1.8225 to $1.83.  Barrels up $0.0350 at $2.1850.  Butter down $0.0075 at $2.04.  Three trades were made ranging from $2.04 to $2.0525.  Nonfat dry milk unchanged at $1.2250

Over in the grains, corn added 1 and three-quarter cents per bu., soybeans lost 4 cents and wheat dropped 4-6 cents per bu. Crude oil continued its higher run this week adding $1.30 on Thursday and closing at $58.39 per barrel.


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