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.