On the Chicago Mercantile Exchange Thursday milk futures were mostly up and cash dairy prices were mixed. Class III milk futures markets were mainly higher on Thursday. June lost 5 cents while July added 10 cents and August through December ranged from a penny lower to four higher. Class IV markets were higher as August through December jumped 10-12 cents while 2020 added 6-10 cents in the first half of the year.
Dry whey was down $.0125 at $.3425 cents per pound. Four sales were recorded from $.3425 to $.3500. Forty-pound blocks were down $.0050 at $1.8375 per pound. Eight sales were recorded from $1.82 to $1.84. Barrels were up $.0450 to $1.7650 per pound. Eight sales were recorded from $1.72 and $1.76. Grade AA Butter was down $.01 at $2.41 per pound. Twenty-three sales were recorded between $2.3850 and $2.42. Nonfat dry milk was up $.0050 at $1.05 per pound. No sales were recorded.
Grain prices were softer in corn and soybeans ahead of the USDA’s much anticipated planted acreage and quarterly grain stocks reports that will be released Friday at 11 a.m. central. Corn declined 3.5 cents in the new crop price to $4.51 while soybeans dropped 6 cents to $9.1225 per bu. The wheat complex traded a quarter cent higher in Chicago, a half cent lower in Kansas City and 2 cents stronger in Minneapolis.