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Mixed Markets Monday in Chicago


On the Chicago Mercantile Exchange milk futures were mixed Monday following in the footsteps of the cash markets. Class III milk prices were mixed on Monday. November milk added 6 cents to $20.30 per cwt while 2020 prices ranged from a couple cents higher in March to double digit losses in the later parts of the year. At today’s close, first half 2020 average was offering producers $17.32 per cwt while the full year average resided at $17.40 per cwt. Class IV markets traded stronger to begin the week to the tune of 3-13 cents. Class IV first half average is offering producers $17.56 per cwt. 

The cheddar spot market was weak once again to kick off this week. Blocks down $0.0225 at $1.8675. Two trades were made at that price. Dry whey up $0.0125 at $0.3325. Five trades were made at $0.33 and $0.3325.  Barrels down $0.0425 at $2.1550. Two trades were made at that price. Butter up $0.0075 at $2.0750. Three trades were made at $2.0675 and $2.0750. Nonfat dry milk unchanged at $1.2175.

Grains turned in another round of weakness losing 3.5 cents in corn, 8 cent sin soybeans and wheat was up 4.5 cents in the Chicago market.


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