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Milk Markets Mixed Thursday in Chicago


On the Chicago Mercantile Exchange milk futures were mixed again Thursday as was cash trade. Class IV milk was much softer following butter. September fell 6 cents to $16.30, October fell 17 cents to $16.37, and November fell 16 cents to $16.46 per cwt. Fourth quarter 2019 Class IV milk averages at $16.45 per cwt.

Dry whey up $0.0050 at $0.3950. One trade was made at that price. Blocks up $0.0325 at $1.9875. Barrels unchanged at $1.7325. Butter down $0.03 at $2.28. Thirteen trades were made ranging from $2.1750 and $2.19. Nonfat dry milk up $0.0025 at $1.0475. Twelve trades were made ranging from $1.0450 to $1.05.

Grain and feed markets were mixed. December corn gained a quarter of a cent to $3.58 ¾, November soybeans fell 14 cents to $8.61 ½, and September soybean meal followed finishing $3.50 lower to $288.70 per ton.


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