meta Milk Markets Continue Lower in Chicago as Coronavirus continues to infect markets :: The Bullvine - The Dairy Information You Want To Know When You Need It

Milk Markets Continue Lower in Chicago as Coronavirus continues to infect markets


On the Chicago Mercantile Exchange it was a different day with the same result.  Dairy prices for Class IV added 7 cents in April but lost 9-22 cents May through February 2021. The second quarter average finished at $15.77 while the second half of the year is offering $16.48 per cwt. The Class IV market was roughed up even worse as futures dropped 34 to 55 cents per cwt. The second quarter average stands at $14.41 per cwt. CME spot dairy auction results watched butter decline 4 cents per lb. to $1.77 and a quarter per lb. following a single trade. 

Dry whey down $0.0225 at $0.3250.  Five trades made, ranging from $0.3250 to $0.3350. Blocks unchanged at $1.8725.  Barrels steady at $1.50. Butter down $0.04 at $1.7725.  Nonfat dry milk down $0.0275 at $1.0250.

The grain complex watched corn fall 11 cents, soybeans were off 25 cents and the wheat complex softened 8 cents in Chicago and Kansas City.


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