Class III futures were slightly weaker today on the Chicago Mercantile Exchange. May milk fell 9 cents to $12.20/cwt. June was down $.08 at $12.63 per hundredweight and July was $.08 lower at $17.06, while August was down $.16 at $16.53 and September was a dime lower at $16.44.
The CME Cash Dairy Product Trade were steady to higher ahead of what turned out to be a bearish USDA cold storage report for April. Butter increased $.0075/lb to $1.6425. Blocks gained 1.75 cents to $1.9375. Barrels climbed 3.75 cents to $1.89/lb. Grade A Nonfat Milk ascended 2 cents to $1.0150. Dry Whey remained unchanged at $.3625/lb.
July corn fell 1.75 cents to $3.1775/bushel. Spot soybeans tumbled 11.75 cents to $8.35. July soybean meal lost $3 to $282.50/ton. September Chicago Wheat gained 3.50 cents to $5.1875/bushel. June Live cattle finished 40 cents higher to $98.80/cwt. August Feeder Cattle fell 12 cents to $128.87/cwt. June crude oil increased 52 cents to $34.01.
