meta Milk Markets Move Higher in Chicago Wednesday :: The Bullvine - The Dairy Information You Want To Know When You Need It

Milk Markets Move Higher in Chicago Wednesday


On the Chicago Mercantile Exchange milk futures turned higher Wednesday while cash markets were mixed. The Class III milk market turned in a great day of trade following a rather lackluster move in the product market. 2019 months ranged from 7-17 higher September through December while first half 2020 prices settled 1 lower to 2 cents higher. Class IV milk results had September down 12 cents, October 7 softer, and November traded 10 cents higher. 

Dry whey down $0.0050 at $0.39. Blocks up $0.0025 at $1.88. Seven trades were made ranging from $1.8775 to $1.8825. Barrels unchanged at $1.68. Eight trades were made at that price. Butter unchanged at $2.21. Nonfat dry milk down $0.01 at $1.0375. Three trades were made ranging from $1.0375 to $1.0450.

The grain markets finally traded higher on Wednesday after the bloodbath that it has experienced basically the entire month of August. Corn traded 4-6 cents higher off of news from Agriculture Secretary Sonny Perdue announcing that President Trump plans to boost bio fuel demand. That announcement is expected over the next couple of weeks. The soybean market traded 6.5 cents higher to $8.6575 per lb. The wheat complex fell 1-2 cents in Chicago and Kansas City whereas Minneapolis was down 4.


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