Class IV milk futures on the Chicago Mercantile Exchange were steady to lower on the day. May Class III milk futures up six at $11.04. June milk stumbled 21 cents to $11.05/cwt. July gained 3 cents to $11.53. August milk inched 1 cent lower to $11.99/cwt. Second half 2020 is now averaging $12.52/cwt.
Commodities markets were mixed today. Nonfat dry milk down $0.0275 at $0.85. Two trades were made with a range of $0.85 to $0.8575. Dry whey up $0.0050 at $0.3550. Two trades made at $0.3550. Blocks steady at $1.01. Barrels unchanged at $1.01. Butter steady at $1.15.
Grains showed a softer tone today. Spot corn fell 5.50 cents to $3.26/bushel. May soybeans plummeted 7.25 cents to $8.47. Nearby soybean meal declined $1.10 to $287.50/ton. Spot Chicago Wheat slumped 6.25 cents lower to $5.4875/bushel. April Live Cattle gained $2.70 higher to $93.70/cwt. April Feeder Cattle rallied $1.37 to $116.40/cwt. April Crude Oil fell $1.71 to $20.70.
