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Milk Futures Start Thanksgiving Week Higher in Chicago


Milk futures on the Chicago Mercantile Exchange closed higher Monday while cash trade was spilt. Markets will be closed Thursday and Friday for the holiday. November Class III milk unchanged at $20.36. December a penny higher at $18.79. January six cents higher at $18.36. February up two cents at $17.77. March through June contracts unchanged to eight cents higher.  Class IV markets made modest gains as well adding 1-8 cents over the first half of its trade. The first half Class IV average is currently sitting at $17.74 per cwt. 

Dry whey up $0.0025 at $0.35. One sale was made at that price. Blocks up $0.04 at $1.8825. Four trades were made ranging from $1.8425 to $1.8825. Barrels down $0.0425 at $2.1425. Once trade was made at $2.11. Butter down $0.0150 at $2.01. Eight trades were made ranging from $2.01 to $2.0225. Nonfat dry milk unchanged at $1.22.

The grain complex experienced strength in the wheat market as Chicago jumped 15 cents, Kansas City was up 12 cents and Minneapolis added 6 cents. Corn followed along gaining 2 cents while soybeans fell 4 and a half cents. 


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