meta Milk Markets Mixed Tuesday in Chicago :: The Bullvine - The Dairy Information You Want To Know When You Need It

Milk Markets Mixed Tuesday in Chicago

On the Chicago Mercantile Exchange milk futures closed mixed Tuesday as did cash trade.  Class III milk was mixed. August unchanged at $17.60 per cwt, September gained 5 cents to $17.30, and October lost 6 cents to $16.50 per cwt. 2020 markets saw some softness. January – March was unchanged to 4 cents lower with the average at $16.36 per cwt. Class IV milk once again followed butter. August held steady at $16.66 per cwt, September and October gained 8 cents to $16.32 and $16.50 per cwt.

Butter bounced back on Tuesday on increased volume during the CME spot product trade up $0.0125 at $2.21 on 19 trades ranging from $2.20 to $2.22. Dry whey unchanged at $0.3950. Blocks down $0.0025 at $1.8775. One trade was made at that price. Barrels up $0.0150 at $1.68. Four trades were made at that price.  Nonfat dry milk up $0.0075 at $1.0475. Sixteen trades were made ranging from $1.04 to $1.0475.

Grain markets continue to wait for harvest information to move the market. December corn fell 2 cents to $3.66 ¼, November soybeans fell 8 cents to $8.59 ¼, and September soybean meal fell $1.50 to $291.50 per ton.

Send this to a friend